Author: Mark Vessio

  • Reduced Retainage Is Not Released Retainage

    Many states, like California, manage the amount of retainage withheld on public projects. In California, no more than 5% of the contract price may be withheld. Also, the normal practice is that after 50% of the project has been completed, no more retainage will be withheld. Therefore, public owners will calculate how much retainage needs…

  • How To Financially Protect Yourself As A Design Professional

    Design professionals are a unique part of the construction industry. Why? Because these individuals and firms conduct work many times prior to the actual commencement of construction. Other times, they are hired as supervising agents. Because of these unique roles, design professionals can be treated differently in a legal sense. Certain states limit or do…

  • Fairness In Construction Maximizes Efficiency

    Fairness in the construction industry should be taken very seriously because when all parties are acting in good faith, the industry operates at maximum efficiency. Local and state governments and agencies are starting to step in and step up to ensure that everyone is playing by the rules. This past year, we have seen a…

  • Wisconsin Courts Remind Us That Organization Matters

    How many times did your parents used to tell you to clean your room or make your bed and you just rolled your eyes? Such a simplistic act of organization seemed unnecessary and a waste of your time. Well, now we are older and time is money. Simple acts of organization in the construction industry…

  • Ethics in Construction

    Play nice. Share. Use your words. You’ve heard these lessons since you were little, and there is a reason for that. When followed, these rules can improve many aspects of your life. The construction industry is no different. Almost every financial issue that arises on a construction project can be connected to a party not playing…