N.J.S.A. 32:11-7

Restrictions on payments for work

32:11-7. Restrictions on payments for work All contracts let by the joint commission shall provide for payments as the work advances, but the total payments to a contractor at any time before the final completion and acceptance of the work contracted for shall not exceed ninety per cent of the cost of the work done under any contract.

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This is the verbatim text of N.J.S.A. 32:11-7, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.