03Sep
Illinois Expands Protections Under the Contractor Prompt Payment Act by Imposing New Restrictions on Retainage
The Illinois Contractor Prompt Payment Act, 815 ILCS 603/1, et seq. (the “Act”) was first enacted in 2007 and designed to safeguard contractors and subcontractors on private projects by providing a mechanism to expedite payments for work performed....
By:
Seyfarth Shaw LLP
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