~s~:
Put into state law for the protection of consumers.
NJAC 13:45 A-16.2 to be specific.
or;
NJAC 13:45-3.16 (a) 10.ii
It's not one of the most publicized, but it has been around for a while.
The wording varies on various 'stamps' and placards.
"Final payment to the contractor is not not required to be made before a final inspection performed" printed on the placards within my office.
"Final inspections are required before final payment is made to contractor" on a 'stamp' at the counter.
No, there is no protection for the contractors, as far as I'm aware.
Note the there is no $$$ amount or percentages mentioned or implied.
I'll scout around for the actual printed 'law' as soon as I have time.
It is printed on the backside of most permit placards
