CS/HB 1157 (Eisnaugle) amends existing provisions relating to prompt payment and retainage in contracts between local governments and contractors. The bill specifies the final contract completion date must be at least 30 days after final delivery of any “punch” list items and requires the contract date be extended by the number of days the “punch” list late.

The bill also provides failure to act on a payment request within a specified amount of time will require payment to be made. Further, the bill will allow a judge to award the prevailing party in a payment dispute attorney’s fees. (Stanfield)