An act relating to contractor liability related to subcontractor work

This bill requires general contractors in Vermont to be held liable for injuries or property damage caused by their subcontractors during construction projects, specifically when the subcontractor does not have adequate liability insurance. The legislation amends existing state law to establish this responsibility regardless of any private agreements between the contractor and subcontractor. It also strengthens payment protections by mandating timely payments to subcontractors and requiring interest charges on late payments. The changes apply to all construction contracts in the state and take effect on July 1, 2024.