A Hawaii Subcontractor Agreement is a legally binding document that outlines the work a subcontractor performs for a contractor. It establishes a business relationship between the two parties within the scope of the larger project.
The subcontractor agreement details the project timeline, how much the contractor will pay the subcontractor, and when that payment will occur.
This legally binding document protects the rights of both parties. It helps ensure the subcontractor will get fair treatment and that the contractor will receive all needed work on time.
Often, a subcontractor agreement specifies the materials a subcontractor is responsible for and what labor assets he or she is bringing. As soon as both parties sign this document, it goes into full effect, and the subcontractor and contractor can use it to settle any legal disputes.
How long does a contractor have to pay a subcontractor in Hawaii?
Per Hawaii Revised Statutes § 444-25, the contractor must pay the subcontractor within ten days after receipt of the subcontractor’s invoice and after receipt by the contractor of payment from the owner, whichever occurs later.