176.090 Provisions of contract -- Partial and complete payment -- Bonds, bids, etc., to be filed.
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of the contract price, or a certain fixed sum shall not be paid to the contractor until a
fixed time after completion and acceptance of the work. (2) When the contract provides for partial payment based on the amount of work done, the representative of the department in charge of the work shall present to the
department, as each payment becomes due, a certificate signed by him, showing as
nearly as possible the amount of work done for which payment is to be made. If the
state highway engineer finds that the amount certified is due, the Finance and
Administration Cabinet shall draw a warrant for the amount certified, on the request
of the Department of Highways. (3) When the work has been fully completed, the representative of the department shall certify to the department a detailed and itemized statement of the cost of the work
done, and if it is found to be correct, the department shall certify the amount to the
Finance and Administration Cabinet, which shall draw a warrant for the amount
due. (4) All bonds and bids filed and all contracts approved by the department and a copy of all specifications and certifications shall be kept on file in the office of the
department. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4356t-6.