New Jersey Statutes 32:11-7. Restrictions on payments for work
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Terms Used In New Jersey Statutes 32:11-7
- Contract: A legal written agreement that becomes binding when signed.
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.