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the Georgia Code
2006 Georgia Code - 13-11-4
13-11-4. (a) When a contractor has performed in
accordance with the provisions of a contract, the owner shall pay
the contractor within 15 days of receipt by the owner or the
owner´s representative of any payment request based upon work
completed or service provided under the contract.
(b) When a subcontractor has
performed in accordance with the provisions of its subcontract and
the subcontract conditions precedent to payment have been
satisfied, the contractor shall pay to that subcontractor and each
subcontractor shall pay to its subcontractor, within ten days of
receipt by the contractor or subcontractor of each periodic or
final payment, the full amount received for such
subcontractor´s work and materials based on work completed or
service provided under the subcontract, provided that the
subcontractor has provided or provides such satisfactory reasonable
assurances of continued performance and financial responsibility to
complete his or her work as the contractor in his or her reasonable
discretion may require, including but not limited to a payment and
performance bond.
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