HB0284 EnrolledLRB100 05606 MLM 15620 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Procurement Code is amended by
5adding Section 30-50 as follows:
 
6    (30 ILCS 500/30-50 new)
7    Sec. 30-50. Mobilization payments.
8    (a) As used in this Section, "mobilization payment" means
9an advance payment for the preparatory work and operations
10necessary for the movement of personnel, equipment, supplies,
11and incidentals to a project site and for all other work or
12operations that must be performed or costs incurred when
13beginning work on a project.
14    (b) When a contract under this Code entered into by the
15Department of Transportation provides for mobilization
16payments and the contractor is using the services of a
17subcontractor, the subcontract shall include terms requiring
18mobilization payments be made to the subcontractor.
19    Mobilization payments to a subcontractor shall be made on a
20tiered system based on the initial value of the subcontract:
21Subcontract value Mobilization percentage
22Less than $10,000 25%
23$10,000-$19,999 20%

 

 

HB0284 Enrolled- 2 -LRB100 05606 MLM 15620 b

1$20,000-$39,999 18%
2$40,000-$59,999 16%
3$60,000-$79,999 14%
4$80,000-$99,999 12%
5$100,000-$249,999 10%
6$250,000-$499,999 9%
7$500,000-$750,000 8%
8Over $750,000 7%
9    (c) This Section only applies to contracts entered into by
10the Department of Transportation.