On Friday, November 17, 2023, Governor Hochul signed into law a bill which limits the retainage held on construction contracts for private improvements to 5% of the contract price from inception of ...
Illinois is the most recent in a number of states to consider legislation that modifies the practice of withholding payments from contractors and subcontractors as retainage. The practice of retainage ...
For decades contractors and subcontractors have borne the brunt of having money that they have earned held back from them to provide the owner with the funds necessary to complete their work in the ...
The U.S. Dept. of Transportation has issued a new final rule that makes changes in requirements for contract retainage. The retainage revisions are contained in a broader rule on DOT's disadvantaged ...
Reacting to industry problems and concerns, lawmakers around the country are enacting retainage reform. While some argue that the government should not get involved in private contractual matters, the ...
ALEXANDRIA, Va. - A study published by the Foundation of the American Subcontractors Association (FASA) concludes that the practice of retainage, widespread in the construction industry, "reduces ...
Restraining retainage: Drilling down into New York’s 5% retainage law and its impact on your project
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the world of construction, retainage is a portion of ...
Armed with stories of having to wait months or even years to be paid in full, or having millions of dollars’ worth of payments in limbo, Minnesota subcontractors are taking their battle for “retainage ...
Owner and Chief Engineer at Entech Innovative Engineering, creating specialty engineering projects for theme parks, museums and contractors. To continue reading this ...
Independent news. Trusted by Texans. About The Texas Tribune | Staff | Contact | Send a Confidential Tip | Ethics | Republish Our Work | Jobs | Awards | Corrections | Strategic Plan | Downloads | ...
Retainage is not a word found in standard dictionaries. It is a concept peculiar to the construction industry. Try to purchase an airplane ticket and hold back 10 percent until the pilot gets you ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results