Bill > HB1300

This bill amends the Virginia Public Procurement Act to provide a statute of limitations for actions on construction contracts, architectural and engineering services contracts, and performance bonds. Specifically, it establishes: 1. A 5-year statute of limitations for actions against a surety on a performance bond, starting from the completion of the contract or, if a certificate of occupancy or written final acceptance is issued prior to final payment, within 12 months of the certificate/acceptance. 2. A 15-year statute of limitations for actions by a state public body on construction contracts or architectural and engineering services contracts, starting from the completion of the contract or, if a certificate of occupancy or written final acceptance is issued prior to final payment, within 12 months of the certificate/acceptance. However, such actions must be brought within 5 years of the state public body providing written notice to the contractor of a defect or breach. The bill also specifies that the provisions related to waiving or not pleading the statute of limitations do not apply to subcontracts related to construction, construction management, design-build, architecture, or engineering contracts with public bodies.