OH HB288

Private owners of construction projects must pay contractors within 30 days after work/materials are certified as compliant or after receiving a payment request, whichever is later

Late payments trigger 18% annual interest penalty, beginning on the 31st day after the owner receives the payment request

Contractors must pay subcontractors and material suppliers within 10 calendar days of receiving payment from the owner, with 18% interest penalty for non-compliance

Provisions regarding entitlement to interest, attorney fees, and court costs cannot be waived by contract and any such waiver is void as against public policy

Exemptions include single/two/three-family homes, oil and gas exploration agreements, well or mine services, and pipeline-related agreements