Bill > SB607

This bill amends the Virginia Public Procurement Act to modify the statute of limitations on actions related to construction contracts and architectural and engineering contracts. Specifically, it: 1. Provides that an action against a surety on a performance bond must be brought within 5 years after completion of the contract, with the contract completion defined as the final payment to the contractor. However, if a final certificate of occupancy or written acceptance is issued prior to final payment, the 5-year period begins within 12 months of the certificate or acceptance. 2. Establishes a 15-year statute of limitations for actions by a state public body on construction contracts and architectural/engineering services contracts, with the contract completion defined similarly as above. The bill also limits actions to no more than 5 years after written notice to the contractor of a defect or breach. 3. Allows written promises to waive or not plead the statute of limitations in subcontracts related to construction, design-build, architecture, or engineering contracts with public bodies, but only for actions asserted by the public body. The bill aims to provide clarity and consistency around the time periods for bringing actions related to public construction projects in Virginia.