|HB4477 Engrossed||LRB099 18353 MLM 42728 b|
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Procurement Code is amended by
adding Section 30-50 as follows:
(30 ILCS 500/30-50 new)
(a) As used in this Section, "mobilization payment" means
an advance payment to a contractor or subcontractor that
enables the contractor or subcontractor to purchase necessary
machinery and tools for a project. "Mobilization payment" may
also include other goods or services necessary for a project
when expressly provided for within the contract.
(b) All contracts under this Code entered into by the
Department of Transportation shall provide for mobilization
payments unless explicitly rejected by the contractor.
(c) When a contract under this Code entered into by the
Department of Transportation provides for mobilization
payments and the contractor is using the services of a
subcontractor, the subcontract shall include terms requiring
mobilization payments be made to the subcontractor.
Mobilization payments to a subcontractor shall be made on a
tiered system based on the total value of the subcontract: