Owner to Prime Contractor (Private): N/A
Prime Contractor to Subcontractor (Private): N/A
Interest/Penalties (Private): N/A
Owner to Prime Contractor (Public): Unless otherwise agreed by contract, 30 working days after receipt of invoice.
Prime Contractor to Subcontractor (Public): 10 days after receipt of payment from owner.
Interest/Penalties (Public): Interest at the prime interest rate as reported on the money market page of the Wall Street Journal published on the first regular business day of each month.
Pay-If-Paid Permissible: Unclear. Rhode Island has not yet addressed contingent payment clauses.
Special Notes: Doesn’t apply projects with the Department of Transportation subcontractor provides a payment and performance bond.
Disclaimer: This information was published on July 1, 2020. Please contact Josh Levy, Eric Meier or Samantha Schacht for modifications made by Rhode Island since that date. Visit our 50-State Construction Law Map for information on other states.