Owner to Prime Contractor (Private): Monthly unless otherwise provided in the contract. .
Prime Contractor to Subcontractor (Private): 10 days after receiving payment from the owner.
Interest/Penalties (Private): Interest at a rate of 1.5% per month. Party owed interest is entitled to attorneys’ fees if it prevails.
Owner to Prime Contractor (Public): Monthly unless otherwise provided in the contract.
Prime Contractor to Subcontractor (Public): 10 days after receiving payment from the owner.
Interest/Penalties (Public): Subcontractors are entitled to interest at a rate of 1.5% per month. Subcontractor is entitled to attorneys’ fees if it prevails.
Pay-If-Paid Permissible: Yes.
Disclaimer: This information was published on July 1, 2020. Please contact Josh Levy, Eric Meier or Samantha Schacht for modifications made by Minnesota since that date. Visit our 50-State Construction Law Map for information on other states.