Bill > S00704

This bill amends the state finance law to add a new section 138-b, which requires all public works contracts awarded by state agencies to include a clause allowing contractors to make a claim for additional costs arising from delays caused by the state agency. The bill defines key terms such as "state agency," "contract," "delay," and "claim." It outlines the process for contractors to provide notice of a claim, the information required to be provided, and the consequences of failing to provide proper notice or documentation. The bill applies to all contracts entered into on or after the effective date, which is 180 days after it becomes law.