Establishes rules to govern contracts between contractors, subcontractors, and other parties to construction contracts

Summary

The bill creates uniform rules for private construction contracts, defining parties and work, and declares certain contract provisions illegal—such as withholding payment beyond disputed amounts or forcing work without prior agreement. It also obligates owners to pay contractors within 40 days of receiving a proper invoice or pay application, except for limited withholding due to material non‑compliance. The aim is to protect contractors, subcontractors and suppliers from unfair payment practices.

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