Starting July 1, 2007: New Procedures to enable prompt payment to general contractors, subcontractors, and material suppliers

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Act 291, SLH 2006, the Prompt Payment Act, goes into effect July 1 , 2007 for contracts that are executed on or after July 1, 2007. The act enables prompt payment for government work of general contractors, subcontractors, and material suppliers. It achieves a reasonable balance between incentive for prompt payment and protecting the interests of general contractors, subcontractors, material suppliers, and government agencies. All government agencies are responsible for implementation. The information and forms to comply with the new procedures are available by clicking on the links below.

The Department of Accounting and General Services conducted the following information briefings:

For State/County agencies at the STATE CAPITOL Auditorium, Friday, 6/22/07, 9:00 AM - 11:00 AM.
For contractors/subcontractors/vendors at ALOHA STADIUM Hospitality Room, Monday, 6/25/07, 9:00 AM - 11:00 AM.
For contractors/subcontractors/vendors at KAUAI COMMUNITY COLLEGE Cafeteria, Thursday, 8/9/07, 10:00 AM - 12:00 PM.
For contractors/subcontractors/vendors at the MAUI BEACH HOTEL, Elleair Room, Wednesday, 8/22/07, 6:30 PM - 8:30 PM.
For contractors/subcontractors/vendors at the KEALAKEHE HIGH SCHOOL, Library, Thursday, 1/10/08, 9:30 AM - 10:30 AM.
For contractors/subcontractors/vendors at the HILO STATE OFFICE BUILDING, Conference Rooms A, B & C, Thursday, 1/10/08, 2:00 PM - 3:30 PM.
For City and County of Honolulu at the HONOLULU HALE, City Council Committee Room, 2nd Floor, Monday, 1/28/08, 9:00 AM - 11:00 AM.

Frequently Asked Questions

Informational Briefing Agenda

Informational Briefing Notice

Full text of Act 291-2006

Changes to the General Conditions for Construction

Comptroller's Memo to Contractors Concerning Subcontractor Retainage

Comptroller's Memo to Contractors Concerning Escalation of Overhead and Profit

Amended Monthly Payment Request Form

Estimate for Change Order Form

Daily Force Account Report

Presentation Slides of Comptroller's June 22 & 25, 2007, Briefings

Presentation Slides of Public Works Division's June 22, 2007, Briefing to State/County Agencies