This bill amends Section 573.16 of the Iowa Code regarding public improvement contracts, specifically focusing on notice requirements following the completion of such projects. It establishes that after the final acceptance of a public improvement, the public corporation must send written notification of this acceptance to the principal contractor, the surety on any performance bond, and any claimants for labor or materials who have filed a claim. This notification must be sent no later than fourteen calendar days after the final acceptance.
Additionally, the bill clarifies that the public corporation will not be held liable for any claims or damages that arise from its failure to comply with this notification requirement. This change aims to ensure that all parties involved in public improvement contracts are adequately informed of the project's acceptance timeline, thereby facilitating better communication and accountability in the contracting process.
Statutes affected: Introduced: 573.16