This bill amends Section 29-115 of the Idaho Code to ensure that all construction contracts related to private work of improvement in Idaho are governed by Idaho law. It specifically states that such contracts cannot mandate that dispute resolution processes, including litigation or arbitration, occur in another state or country. This change aims to provide clarity and consistency for contractors and subcontractors operating within Idaho, ensuring that they are subject to local laws and regulations.

Additionally, the bill maintains existing provisions regarding retention proceeds in construction contracts, including limits on the amount that can be withheld and the timeline for releasing these funds. It also emphasizes that it is against public policy for any party to require another to waive any provisions of this statute. The bill is set to take effect on July 1, 2025, following the declaration of an emergency.

Statutes affected:
Bill Text: 29-115