Utah Code Title 13. Commerce and Trade § 13-8-4. Obligation to pay under construction contracts--Rights of parties under contingent payment provisions

(a) “Construction contract” means a contract or agreement to provide services, labor, or materials for the design, construction, installation, or repair of an improvement to real property located in Utah.

(b) “Contingent payment contract” means a construction contract between a contractor and a subcontractor that makes a payment from the contractor to the subcontractor contingent on the contractor receiving a corresponding payment from any other public or private party, including a private owner.

(c) “Contractor” means a person who is or may be awarded a contract for the construction, alteration, or repair of any building, structure, or improvement to real property.

(d) “Subcontractor” means any person engaged by a contractor to provide services, labor, or materials for the design, construction, installation, or repair of an improvement to real property and includes a trade contractor or specialty contractor.

(3)(a) The existence of a contingent payment contract is not a defense to a claim to enforce a preconstruction or construction lien under Title 38, Chapter 1a, Preconstruction and Construction Liens.

(b) Subsection (3) does not apply to contracts for private construction work for the building, improvement, repair, or remodeling of residential property consisting of four units or less.

(a) the subcontractor may request from the contractor the financial information that the contractor has received from the public or private party regarding:

(b) if information is requested by the subcontractor under Subsection (4)(a), the contractor shall provide the information prior to the subcontractor signing the construction contract between the contractor and the subcontractor.