OMA Stands Up for Business Contract Rights

The OMA this week testified against House Bill 203, which seeks to impose state-mandated payment terms in private construction contracts, thereby eliminating manufacturers’ right to negotiate.

Similar to a measure offered in the last General Assembly, HB 203 would require contracts to be paid within 30 days; otherwise, an 18% penalty would be applied to late payments.

Construction law expert Chris McCloskey of Bricker Graydon, the OMA’s general counsel, testified before the House Commerce and Labor Committee on behalf of the OMA. Read or watch McCloskey’s testimony. No immediate action was taken on the bill. 6/27/2023