Prohibits withholding of partial payments to contractors by public entities for de minimis clerical, administrative, or technical errors.

This bill prevents public entities in New Jersey from delaying partial payments to contractors due to minor clerical, administrative, or technical mistakes. It requires owners to pay approved amounts within 30 days and mandates that prime contractors pass these funds to subcontractors within 10 days, while also establishing interest penalties for late payments. Additionally, the legislation allows contractors to legally pause work without penalty if payments are withheld without a valid written explanation and a good faith effort to resolve the issue. The bill also introduces alternative dispute resolution processes for payment disagreements in new construction contracts.