The New Jersey Private Contractor Registration Act establishes a framework requiring private contractors and subcontractors to register with the Department of Labor and Workforce Development before engaging in private construction work within the state. The act defines private construction work and outlines the necessary information that contractors must provide during registration, including business details, financial interests, and compliance with various labor laws. An initial non-refundable registration fee of $750 is required, with subsequent renewals at a fee of $500 every two years. The act also allows for reduced fees based on annual revenue or non-profit status.

To enforce compliance, the act imposes penalties for violations, including the potential suspension of a contractor's registration. The commissioner has the authority to adopt regulations to implement the act and is allocated $2,000,000 from the General Fund to support its provisions. The act aims to enhance oversight and accountability in the private construction sector, ensuring that contractors adhere to labor laws and maintain proper registration.