Our clients continue asking us the same three questions below as it pertains to COVID-19’s impact on construction work in Illinois. We include those questions and our answers below:
1. Can my construction company...more
The Illinois legislature recently passed a law modifying the Contractor Prompt Payment Act, impacting retainage on all private projects (except residential projects involving twelve units or less). The law sets the ceiling...more
The Illinois legislature recently passed a bill that may impact retainage on your projects. The bill—if passed into law—sets the ceiling for retainage at 10%, and requires that retainage be reduced to 5% once the project is...more