Illinois compliance baked into the template
- Sales tax: 6.25% state rate. Generally exempts most services. Services largely exempt; combined rates up to ~11% in Chicago.
- Late fees: Up to 1.5% per month under 815 ILCS 205/4 (Interest Act). Up to 9%/yr without writing; higher with written agreement.
- Written contract: Required for jobs over $1,000. The template includes a signature block and scope-of-work field.
General Contractor invoice fields
- Mobilization β flat
- Labor β hour, default $85
- Materials β itemized
- Subcontractor markup β percent
State
IL
Avg invoice
$4,850
Net terms
30 days
Deposit
25%