The fight for “retainage reform” at the Minnesota Legislature is spilling over to the courts, as Shakopee-based RTL Construction is suing a local general contractor for payments withheld on four local ...
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 ...
There have been debates for years about the pros and cons of owners withholding retainage (usually 5% or 10%, depending on each state’s retainage laws or local “industry standard”) from prime ...
A reference manual published by the American Subcontractors Association, Retainage Law in the 50 States, is available for construction subcontractors to understand retainage laws across the U.S. Each ...
A reference manual published by the American Subcontractors Association, Retainage Law in the 50 States, is helping construction subcontractors understand retainage laws where the projects they bid ...
Old habits die hard, and, then again, some just never die. That old saying is proving true with the institutionalized, but increasingly scrutinized, practice of retainage in the construction industry.
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 ...