Early this year, Oregon bill HB 2415 went into effect, changing some of the retainage requirements under Oregon’s prompt payment laws. Oregon law now requires the hiring party to hold...
Retainage: Love it or hate it, it’s part of the construction industry. Most contracts provide for some sort of retainage to be withheld. Given the inherent risk of abuse with...
Late payments are a serious problem in the construction industry. That’s particularly true when it comes to retainage payments. Cash flow is light at the end of a project, once...
Withholding retainage in the construction industry is a relatively common practice, no matter what the project. Given the fact that profit margins on construction projects are pretty thin, ensuring that...
Illinois introduced retainage laws by passing Senate Bill 1636. 10% retainage can be withheld for the first half of the project, and only 5% after that.
Retainage laws are an important concept in construction payment - they regulate how much of payment may be retained and for how long. A recent Louisiana case went a long...
Construction payment laws can be tough to navigate. Between lien laws, retainage rules, and prompt payment provisions, a construction business can easily struggle to stay between the lines. Making matters...
On California public projects, prompt payment and retainage laws create penalties for slow paying contractors. With the passing of AB 1223, subs and suppliers can better enforce their right to...
The Tennessee retainage laws require retained amounts be paid within 90 days of completion, and contractual provisions cannot extend that timeframe.
Legislators are constantly playing whack-a-mole as issues arise in construction payment systems. However, lawmakers are also creating long-term fixes. It may take a while to determine whether legislation is merely...