Mark Johnson | Seyfarth Shaw | September 2, 2019 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. The Act applies to all private construction projects in… Continue reading Illinois Expands Protections Under The Contractor Prompt Payment Act By Imposing New Restrictions On Retainage