16 CRR-NY 586.2NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 16. DEPARTMENT OF PUBLIC SERVICE
CHAPTER V. WATERWORKS CORPORATIONS
SUBCHAPTER F. MISCELLANEOUS
PART 586. CONTRACTS OR AGREEMENTS FOR THE CONSTRUCTION, IMPROVEMENT, EXTENSION OR MAINTENANCE OF UTILITY PLANTS
16 CRR-NY 586.2
16 CRR-NY 586.2
586.2 Subcontract on cost-plus basis.
In view of the fact that a so-called subcontract covering any part of the work to be performed under a cost-plus contract or agreement entered into by a public utility company is, in effect, the contract or agreement of the public utility company within the meaning of section 115 of the Public Service Law, every such subcontract on a cost-plus basis, proposed to be let under a principal contract or agreement which is subject to section 586.1 of this Part, shall be filed, in accordance with the requirements of section 3.5 of this Title, with this commission in accordance with the requirements of provisions of such section. All such contracts or agreements shall contain suitable provisions to give effect to the provisions of this Part. This section shall not apply to a subcontract which provides by its terms that the maximum payment thereunder shall not exceed the sum of $5,000.
16 CRR-NY 586.2
Current through February 28, 2023
End of Document