This week, House Bill 203, also called the “Prompt Pay Act”, failed to clear the Senate prior to the closing bell of the General Assembly. Garnering strong support from labor, the bill enjoyed a strong last-minute push at the end of the post-election session. The OMA’s coalition-building efforts with members of the business community and advocacy in the general assembly were instrumental in deterring its passage.

The bill aimed to set the payment terms in construction contracts and eliminate the owner’s right to negotiate by requiring all contracts be paid within 30 days while enforcing an 18% penalty fee and providing attorneys fees for contractors at the owner’s expense. 12/18/2024