Requiring subcontractors on public works contracts to be indemnified for certain expenses incurred as a result of late payments from a contractor or a subcontractor.

HB 1950 requires contractors or subcontractors who violate payment rules (RCW 39.04.250) to cover specific costs for certified minority- and women-owned subcontractors on public works projects. If a certified subcontractor cannot make timely employer contributions to a Taft-Hartley trust due to delayed payments, the responsible contractor must indemnify them for any associated fees or penalties. This applies only to public works contracts entered or renewed after the bill's effective date, targeting financial penalties related to pension/fund contributions, not general late payment expenses.