accordance with the schedule established under subsection
(c);
(2) the contractor has provided at least seven calendar
days' written notice of the contractor's intent to suspend
performance to the owner or the owner's authorized agent; and
(3) at least 60 calendar days have passed since the end
of the billing period for which payment has not been received
in full.
Section 2. Section 7(a) and (c) of the act are amended and
the section is amended by adding a subsection to read:
Section 7. Contractor's and subcontractor's payment
obligations.
(a) Entitlement to payment.--Performance by a subcontractor
in accordance with the provisions of the construction contract
shall entitle the subcontractor to payment from the party with
whom the subcontractor has contracted.
* * *
(c) Time for payment.--When a subcontractor has performed in
accordance with the provisions of the construction contract, a
contractor shall pay to the subcontractor, and each
subcontractor shall in turn pay to the subcontractor's
subcontractors, the full or proportional amount received for
each such subcontractor's work and materials, based on work
completed or service provided under the subcontract, 14 days
after receipt of each progress or final payment or 14 days after
receipt of the subcontractor's invoice, whichever is later.
Payment shall be made under this section unless it is being
withheld under section 11.
* * *
(e) Suspension of performance.--If payment is not received
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