House Sponsors: O'CONNOR. Short description: BLDG & CONSTRUCTN CONTRACT-NEW Synopsis of Bill as introduced: Creates the Building and Construction Contract Act. Provides that a building and construction contract must require the prime contractor and all subcontractors to pay each subcontractor or material supplier within 10 business days after the prime contractor or subcontractor receives payment from the owner for undisputed amounts for service provided by a subcontractor or materials provided by a supplier. Effective immediately. Last action on Bill: TABLED BY SPONSOR Last action date: MAR-28-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status