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Collections: Retainage Best Practices

Last week we wrote an article about Retainage laws: What Rules Apply And How Do You Get Your Hands On The Money.  This article defined and debated retainage laws and practices, and enumerated how the laws operate across the country. It hinted at, but did not directly state, that these laws are negotiable. In large part, […]

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Collections: Retainage – What Rules Apply And How To Get Your Hands On The Money?

The word “retainage” can strike fear into the heart of anyone in the construction industry. The tool is a necessary evil, but it is often abused and almost always the source of job site confusion. This article aims to describe key features of retainage laws across the country and explain how to use, but not […]

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Crossing the Bridge When You Get There: Why New York Builders Should No Longer Worry About Losing Retainage Lien Rights

As a contractor or subcontractor, it is of the utmost importance to pay very close attention to the text of mechanic’s lien laws of your state, which often require you to follow certain formalities and send certain notices in order to protect your rights and receive payments due on certain projects.  And it is no […]

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