ABC Improves Prompt Pay

ABC Worked with Senator Nick Diceglie to Author SB 346, related to Public Construction passed it during session, and was signed on May 25, 2023 by the Governor. This bill makes improvements to Florida’s Prompt Pay Law for public construction projects by clarifying the process for developing end of project/punch list work and requires that the public entity must pay all portions of the contract balance, including retainage, except for 150% of the cost to complete the punch list, within 20 days after the punch list is created.

The bill also expands on preemptions against the ability for local jurisdictions to impose mandates on public works projects. Previously it was only if the project was over $100 million, this legislation includes any project with any state funding even if it is only a penny, local government may not require and type of local hire, local preference, wage rate, benefit packages, or apprenticeship mandates on the private sector.

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Inmate Welfare Trust Fund – Increases the cap of available spending authority by the Department of Corrections by $32 million for workforce training and prison education programs.