Increases the interest rate for late payments due on construction contracts from one to two percent; includes a change order as part of the definition of construction contract; defines change order; repeals exceptions for lower Manhattan construction contracts.
- Chamber
- House
- Introduced
- May 1, 2026
- Last action
- May 1, 2026 — REFERRED TO GOVERNMENTAL OPERATIONS
- Session
- 2025-2026
- Momentum
- 26 · Low