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,
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