No Requirement: NACM suggests serving notice 45 days from last furnishing to prompt payment.
Step 2: Bond Claim
No contract with the prime contractor: Serve prime contractor and notice must be received within 90 days of last furnishing. SeeSpeed Bumpsfor Public/Private partnerships (P3) limitations.
Step 3: Suit Against Bond
After 90 days from last furnishing but within 1 year of last furnishing.
Bond Bits
Generally contracts less then $150,000, are excluded from bond requirements.
Amount of Bond: Performance Bond equals 100% of contract - Payment Bond: See Speed Bumps.