Common Contracts

Contract

December 11th, 2014

• Filed
  December 11th, 2014

property owner and the contractor se- lected to do the rehabilitation work specifically provides that payment to the contractor shall be made through an escrow account maintained by the recipient, by a subrecipient as defined in § 570.500(c), by a public agency des- ignated under § 570.501(a), or by an agent under a procurement contact governed by the requirements of 24 CFR 85.36. No deposit to the escrow ac- count shall be made until after the contract has been executed between the property owner and the rehabilita- tion contractor.