Code of Virginia § 11-4.1:1. Waiver of payment bond claims and contract claims; construction contracts.
96 words·~1 min read·
/va/title-11/chapter-1/11-4-1-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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's, lower-tier subcontractor's, or material supplier'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.
2015, c. 748 .