(1) For contracts in which a payment and performance bond was issued, a copy of all payment documents including labor and material costs shall be sent to the department for approval prior to any payment being released.
(2) Where a payment document is supported by two (2) or more invoices, the contractor shall provide documentation clearly evidencing the total to be paid.
(3) Failure to provide documentation shall result in return of the payment document to the contractor.
(b) If pay estimates are not approved, the contractor shall promptly be notified in writing of the reasons for nonapproval.
(c) Late payment penalties may be assessed pursuant to Arkansas Code §§ 19-4-1411 and 22-9-205.