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

Summary

The bill defines construction contracts and requires owners to pay contractors within 40 days of a proper invoice, while banning contract clauses that allow excessive withholding, forced work, or waive legal rights. It applies to owners, contractors, subcontractors and suppliers on non‑government construction projects. The aim is to protect parties from unfair contract terms and payment delays.

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