Wyoming Prompt Payment Guide and FAQs

Prompt payment laws are a set of rules that regulate the acceptable amount of time in which payments must be made to contractors and subs. This is to ensure that everyone on a construction project is paid in a timely fashion. These statutes provide a framework for the timing of payments to ensure cash flow and working capital.

Projects Covered by Prompt Payment in Wyoming

The prompt payment laws in Wyoming only regulate public works projects within the state. These can be found in Wyo. Stat. §§16-6-601 and 16-6-602. There are no provisions covering payments on private projects, those will be regulated by the terms of the contract.

Payment Deadlines for Public Projects

All payments from the public entity to the prime contractor must be made within 45 days of receipt of a proper request for payment. There are no provisions covering any other types of payments. The deadlines for payments to subcontractors and suppliers will be determined by the contract.

Penalties for Late Payment on Public Projects

Payments may be withheld from the prime contractor, as long as there is a good faith dispute over the payment. If there is no good faith dispute, any late or wrongfully withheld payments will accrue interest at a rate of 1.5% per month until payment is made.