This bill introduces a new section to chapter 39.04 of the Revised Code of Washington, which mandates that subcontractors certified by the office of minority and women's business enterprises are to be indemnified for certain expenses incurred due to late payments from contractors or subcontractors. Specifically, if a subcontractor is unable to make timely employer contributions to a Taft-Hartley trust because a contractor or subcontractor has violated the requirements of RCW 39.04.250, the violating party is required to promptly indemnify the subcontractor for any associated fees or penalties.

The provisions of this bill apply to all public works projects and are effective for contracts that are entered into or renewed after the bill's effective date. This legislation aims to protect subcontractors from financial repercussions stemming from late payments, thereby promoting fair practices in public works contracting.