Owners can refuse to certify and approve a bill within how many days of receiving it according to the prompt pay act?

Study for the Arizona Statutes and Rules Exam. Prepare with comprehensive questions and detailed explanations. Ace your exam with confidence!

The correct timeframe within which owners can refuse to certify and approve a bill, according to the Prompt Pay Act, is 14 days. Under this legislation, owners are provided with a specific duration to review received bills and make a decision regarding their certification. This is significant because it establishes a baseline for timeliness in payment processes in construction contracts. If an owner does not respond within this 14-day period, they are typically expected to proceed with the payment process unless there are legitimate reasons to dispute the bill. This provision is designed to encourage prompt payment practices and protect the rights of those who provide services and materials.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy