69-5-709 - Monthly estimates of work and payments thereon.
69-5-709. Monthly estimates of work and payments thereon.
The engineer in charge of the construction shall furnish the contractor monthly estimates of the amount of work done on each section, and upon filing the estimates with the county clerk, the county mayor shall draw a warrant in favor of such contractor for eighty percent (80%) of the value of the work done according to the estimate.
[Acts 1909, ch. 185, § 20; Shan., § 3871a89; Code 1932, § 4317; impl. am. Acts 1978, ch. 934, §§ 16, 22, 36; T.C.A. (orig. ed.), § 70-1215; Acts 2003, ch. 90, § 2; T.C.A. § 69-6-709.]