An Illinois Subcontractor Agreement outlines the terms and conditions that govern an agreement between a contractor and a subcontractor they hire.
When a contractor or manager of a large project, such as an engineering or construction project, needs workers with unique skill sets, they may hire a subcontractor to do that portion of the work.
A subcontractor agreement in Illinois should include the payment terms, project delivery deadlines, job scope, names of both parties (individual or company), contact information, and work location. The agreement also outlines each party’s recourse if the other party does not uphold their end of the agreement.
Once signed, an Illinois subcontractor agreement is legally binding.
How long does a contractor have to pay a subcontractor in Illinois?
According to 815 ILCS 603/10(2), when a subcontractor has performed per the provisions of the subcontract, the contractor must pay their subcontractor within 15 calendar days upon the contractor’s receipt of payment from the owner. This deadline applies to payments to sub-subcontractors also.