A subcontractor begins work on January 15th and completes work on March 10th. The general contractor receives final payment on April 5th. Under Georgia prompt payment law, when must the subcontractor be paid?
Correct Answer
C) April 19th
Georgia prompt payment law requires payment to subcontractors within 14 days after the general contractor receives payment. April 5th + 14 days = April 19th.
Why This Is the Correct Answer
Georgia prompt payment law requires payment to subcontractors within 14 days after the general contractor receives payment. April 5th + 14 days = April 19th.
More ga-supplement Questions
A contractor discovers that a building permit was issued in error and the project violates setback requirements. According to Georgia regulations, what is the contractor's primary obligation?
A contractor employs workers in both construction and office roles. The construction rate is 11.2 per $100 and office rate is 0.8 per $100. Construction payroll is $85,000 and office payroll is $45,000. What is the total workers compensation premium?
Which situation would require a Georgia contractor to obtain workers' compensation insurance?
A contractor receives a stop work order from the local building official. The contractor continues working despite the order. What is the typical penalty range?
A contractor's license expires on June 30th. They submit a renewal application on July 15th. What additional requirement must they meet?
A Georgia contractor completes work valued at $15,000 on March 1st. The property owner fails to pay. What is the deadline for filing a materialman's lien?
A contractor fails to pay workers' compensation premiums and coverage lapses. An employee is injured the next day. What is the contractor's liability?
A contractor discovers that the local building official is interpreting a code provision differently than expected. What is the proper appeal process in Georgia?
A contractor's annual payroll is $450,000. If the workers compensation rate is 8.5 per $100 of payroll, what is the annual premium?
What is the threshold amount above which a contractor must be licensed in Georgia?
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Under Georgia's Right to Cure statute, a contractor must be given how many days to correct defective work before a homeowner can terminate the contract?
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A contractor fails to pay a subcontractor $12,000 for completed work. The subcontractor files a complaint with the licensing board. What action can the board take against the contractor's license?