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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
Source Url: https://www.jdsupra.com/legalnews/illinois-expands-protections-under-the-83326/

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