                                 CODE OF VIRGINIA

WAIVER OF PAYMENT BOND CLAIMS AND CONTRACT CLAIMS; CONSTRUCTION CONTRACTS (§
11-4.1:1)

A subcontractor as defined in § 43-1, lower-tier subcontractor, or material
supplier may not waive or diminish his right to assert payment bond claims or
his right to assert claims for demonstrated additional costs in a contract in
advance of furnishing any labor, services, or materials. A provision that waives
or diminishes a subcontractor&#8217;s, lower-tier subcontractor&#8217;s, or
material supplier&#8217;s right to assert payment bond claims or his right to
assert claims for demonstrated additional costs in a contract executed prior to
providing any labor, services, or materials is null and void.

HISTORY: 2015, c. 748.