Virginia Public Procurement Act; private contracts; payment of subcontractors. Clarifies certain definitions throughout the Code for consistency between public and private construction contracts. The bill updates the notice required when a general contractor withholds all or a part of the amount invoiced by a subcontractor in a public construction contract and when an owner withholds payment from a general contractor to include language specifically identifying the contractual noncompliance, the dollar amount being withheld, and the lower-tier subcontractor responsible for the contractual noncompliance. This bill is identical to SB 1313.

Statutes affected:
House: Presented and ordered printed 23103475D: 2.2-4354, 11-4.6
House: Committee substitute printed 23105616D-H1: 2.2-4347, 2.2-4354, 11-4.6
Senate: Committee substitute printed 23106210D-S1: 2.2-4347, 2.2-4354, 11-4.6
House: Bill text as passed House and Senate (HB2500ER): 2.2-4347, 2.2-4354, 11-4.6
Governor: Acts of Assembly Chapter text (CHAP0675): 2.2-4347, 2.2-4354, 11-4.6