Owner to Prime Contractor (Private): N/A
Prime Contractor to Subcontractor (Private): N/A
Interest/Penalties (Private): N/A
Owner to Prime Contractor (Public): 30 days after receipt of invoice, except that if a political subdivision uses grant money to fund the project, the payment is due 21 days after receipt of grant money.
Prime Contractor to Subcontractor (Public): 8 working days after receipt of payment from owner.
Interest/Penalties (Public): Prime contractor: interest at the legal rate starting 21 days after payment is due; Subcontractor: interest at the legal rate starting the day after payment is due.
Pay-If-Paid Permissible: Yes.
Disclaimer: This information was published on July 1, 2020. Please contact Josh Levy, Eric Meier or Samantha Schacht for modifications made by Alaska since that date. Visit our 50-State Construction Law Map for information on other states.