Rhode Island Account Stated for Construction Work

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Multi-State
Control #:
US-0160BG
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Word; 
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Description

An account stated is a statement between a creditor and a debtor based upon a series of prior transactions. Hence, an account stated arises when a particular amount is owed to the creditor by the debtor as of a certain date. An account stated refers to either an agreement itself or to the assent giving rise to the agreement. The agreement to pay the balance amount can be either express or implied. When the agreement to pay is in the nature of a computation, then it is called account stated.
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FAQ

What is the minimum wage in Rhode Island? The minimum wage in Rhode Island is increasing to $13 per houron Jan. 1, 2023, up from $12.25 per hour in 2022.

The existence of a contract; Performance by the plaintiff or some justification for nonperformance; Failure to perform the contract by the defendant; and, Resulting damages to the plaintiff.

How Are Prevailing Wages Determined? Employers can obtain this wage rate by submitting a request to the National Prevailing Wage Center (NPWC), or by accessing other legitimate sources of information such as the Online Wage Library, available for use in some programs.

The Statute of Limitations on contract actions is also 10 years, RIGL 9-1-13(a), but subject to the ?discovery rule.? ingly, contractors should be aware that liability for contract actions is not necessarily extinguished after 10-years from ?substantial completion? notwithstanding the 10-year Statute of Repose.

The current minimum wage is $13.00/hour per hour (as of January 1, 2023). There are some exceptions, such as for full-time students working in certain industries. Click here for a full list of exemptions. If your employer isn't paying you the minimum wage, you should file a wage complaint.

(a) In addition to any other right under law to rescind a contract, an owner has the right to cancel such a contract until midnight of the third (3rd) business day after the day on which the owner signs a contract that complies with § 5-79-3.

Prevailing Wage refers to the requirements of the Rhode Island General Law 37-13 and the general prevailing rate of pay for regular, holiday and overtime wages to be paid to each craftsmen, mechanic, teamster, laborer or other type of worker performing work on public works projects when state or municipal funds are ...

Under Rhode Island prevailing wage law, workers do not receive different prevailing wage rates per trade for working different shifts. Same overtime rules are applied. Please See overtime rules above.

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Rhode Island Account Stated for Construction Work