38-1018 PAYMENT TO CONTRACTORS. - Idaho Statutes

TITLE 38

FORESTRY, FOREST PRODUCTS AND STUMPAGE DISTRICTS

CHAPTER 10

STUMPAGE DISTRICTS

38-1018. Payment to contractors. During the construction of said improvements, said stumpage commissioners shall have the right to allow payments thereof in instalments, as the work progresses, in proportion to the amount of work completed: provided, that no allowance or payment shall be made for said work to any contractor or subcontractor to exceed seventy-five per cent (75%) of the proportionate amount of the work completed by such contractor or subcontractor, and twenty-five per cent (25%) of the contract price shall be reserved at all times by said stumpage commissioners until said work is wholly completed and shall not be paid, upon the completion of said work, until ninety (90) days have expired for the presentation of all claims for labor performed and materials furnished or used in the stumping of said land. Upon the completion of said work and the payment of all claims hereinbefore provided for, according to the terms and conditions of said contract, said commissioners shall accept said work and pay the contract price therefor.