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3. Provides. for liqnidated damages for delay; or <br /> <br /> 4. Provides for arbitration or any other procedure designed to settle contract <br />disputes. <br /> <br /> (c) A contractor making a claim against a public body for costs or damages <br />due to the alleged delaying of the contractor in the performance of its work under any <br />public construction contract shall be liable to the public body and shall pay it for a <br />percentage of all costs incurred by the public body in investigating, analyzing, <br />negotiating, litigating and arbitrating the claim, which percentage shall be equal to the <br />percentage of the contractor's total delay claim that is determined through litigation or <br />arbitration to be false or to have no basis in law or in fact. <br /> <br /> (d) A public body denying a contractor's claim for costs or damages due to the <br />alleged delaying of the contractor in the performance of work under any public <br />construction contract shall be liable to and shall pay such contractor a percentage of all <br />costs incurred by the contractor to investigate, analyze, negotiate, litigate and arbitrate the <br />claim. The percentage paid by the public body shall be equal to the percentage of the <br />contractor's total delay claim for which the public body's denial is determined through <br />litigation or arbitration to have been made in bad faith. <br /> <br />Sec. 12-255. Actions on payment bonds: waiver of right to sue. <br /> <br /> (a) Subject to the provisions of subsection (b), any claimant who has <br />performed labor or furnished material in accordance with the contract documents in <br />furtherance of the work provided in any contract for which a payment bond has been <br />given, and who has not been paid in full before the expiration of ninety days after the day <br />on which the claimant performed the last of the labor or furnished the last of the materials <br />for which he claims payment, may bring an action on the payment bond to recover any <br />amount due him for the labor or material. The obligee named in the bond need not be <br />named a party to the action. <br /> <br /> (b) Any claimant who has a direct contractual relationship with any <br />subcontractor from whom the contractor has not required a subcontractor payment bond <br />under subsection F of § 2.2-4337 of the Code of Virginia (1950), but who has no <br />contractual relationship, express or implied, with the contractor, may bring an action on <br />the contractor's payment bond only if he has given written notice to the contractor within <br />180 days from the day on which the claimant performed the last of the labor or furnished <br />the last of the materials for which he claims payment, stating with substantial accuracy <br />the amount claimed and the name of the person for whom the work was performed or to <br />whom the material was furnished. Any claimant who has a direct contractual relationship <br />with a subcontractor from whom the contractor has required a subcontractor payment <br />bond under subsection F of § 2.24337 but who has no contractual relationship, express <br />or implied, with such contractor, may bring an action on the subcontractor's payment <br /> <br /> <br />