Public Contract Code - PCC
DIVISION 2. GENERAL PROVISIONS [1100 - 22355]
( Division 2 enacted by Stats. 1981, Ch. 306. ) PART 2. CONTRACTING BY STATE AGENCIES [10100 - 19150]
( Heading of Part 2 added by Stats. 1982, Ch. 1120, Sec. 6. ) CHAPTER 2. State Acquisition of Goods and Services [10290 - 10490]
( Heading of Chapter 2 amended by Stats. 2000, Ch. 776, Sec. 4. ) ARTICLE 4. Contracts for Services [10335 - 10381]
( Heading of Article 4 amended by Stats. 2000, Ch. 759, Sec. 1. ) 10346.
Contracts may provide for progress payments to contractors for work performed or costs incurred in the performance of the contract. Not less than 10 percent of the contract amount shall be withheld pending final completion of the contract. However, if the contract consists of the performance of separate and distinct tasks, then any funds so withheld with regard to a particular task may be paid upon completion of that task.
No state agency shall make progress payments on a contract unless it first has established procedures, approved by the department, which will ensure that the work or services contracted are being delivered in accordance with the contract.
(Amended by Stats. 2000, Ch. 759, Sec. 12. Effective January 1, 2001.)