This bill allows construction companies, contractors, and subcontractors to initiate legal action against one another for various alleged misconducts, including wage or benefit theft, misclassification of employees, tax or insurance fraud, bid manipulation, falsification of documentation, and violations of the New Jersey Antitrust Act or the consumer fraud act. The bill mandates that the plaintiff must notify the potential defendant at least 30 days before commencing the action and also inform the Department of Labor and Workforce Development when an action is brought.

Additionally, the bill stipulates that if the plaintiff prevails in the lawsuit, they are entitled to reasonable attorneys' fees and costs, which include expert witness fees. The definitions of "construction company," "contractor," and "subcontractor" are aligned with existing state law to ensure clarity in the application of the bill. This legislation is set to take effect immediately upon passage.