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25Aug

Construction One-Minute Read: Illinois Restricts Retainage on Private Construction Projects

Every private construction project in Illinois will be affected by a new law, effective immediately. The Contractor Prompt Payment Act (815 ILCS 603/1, et seq.) was amended to restrict the use of retainage on construction projects. Specifically, no...
By: Ogletree, Deakins, Nash, Smoak & Stewart,
Source Url: https://www.jdsupra.com/legalnews/construction-one-minute-read-illinois-26193/

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