Public Property and Works

CHAPTER 37-12.1
Substitution of Security for Retained Earnings of Architects and Engineers

SECTION 37-12.1-1

§ 37-12.1-1. Definitions.

Terms used in this chapter shall be construed as follows:

(a) "Designers" means any person, firm, or corporation duly authorized pursuant to the laws of this state to engage in the practice of architecture and/or engineering within this state.

(b) "Public works contract" means a contract to perform design or planning services by a designer with the state, any agency, or governmental subdivisions thereof.

(c) "Retained earnings" means any money or earned estimates withheld from a designer pursuant to the terms of a public works contract.

History of Section.
(P.L. 1991, ch. 161, § 1.)