MN SF1714

Public contracting agencies must provide payment information (amount, date, and payment application copy) to any contractor or subcontractor upon written request within 7 calendar days, at no cost

Agencies must post contact information for payment information requests on their public websites for solicitations and bids

Contract provisions that prohibit, delay, or waive the right to submit invoices are declared void and unenforceable as contrary to public policy

After substantial completion, withholding is limited to 250% of the cost to correct or complete known work, plus 1% of contract value or $500 (whichever is greater) for final paperwork

Contractors must pay retainage to subcontractors within 10 days of receiving payment from the contracting agency, with written statements required if payment is withheld due to disputes