View Changes And Revision History Of Legal Minnesota Subcontractors Forms For Free

Penalties under Minnesota's Prompt Payment Act A contractor or subcontractor who receives payment but fails to pay their subcontractors can be required to pay 1.5% interest per month on any undisputed amount not paid on time.

Minnesota's Home Solicitation Sales Act?commonly known as the ?Three-Day Cooling-Off Law??applies to the sale, lease, or rental of any of the following: goods, services, or improvements to real property for personal or household use so long as the transaction is worth more than $25 and occurs in your home or at a place ...

You (and any subcontractors) must submit a Contractor Affidavit (Form IC134) to the Minnesota Department of Revenue to verify you have met state withholding requirements. Submit a Contractor Affidavit when you complete work on a government construction project, regardless of the projects dollar amount.

Each contract of a municipality must require the prime contractor to pay any subcontractor within ten days of the prime contractor's receipt of payment from the municipality for undisputed services provided by the subcontractor.

Classic examples of change orders include the owner's desire to move the location of a wall to accommodate some other design element, adding a window where there was none in the original plans, or changing the finish of the floors from tile to terrazzo.

Contractors looking to apply for a license will go through Minnesota's Department of Labor and Industry. General contractors will need a residential building license, while subcontractors performing work in more than one of the following trades also require a license: Excavation. Masonry/concrete.