News and commentary from the Construction Law attorneys at Preti Flaherty.
Massachusetts Enacts New Retainage Act
Tuesday, August 26, 2014
Massachusetts has enacted a new Retainage Act intended to accelarate the closeout of private projects involving $3 million or more. The Retainage Act limits the amount of retainage that can be withheld on applicable projects and provides procedures to speed up the payment of retainage. For a more complete summary of the key features of the Act, see our recent Construction Law Update.
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The Retainage Act limits the amount of retainage that can be withheld on applicable projects and provides procedures to speed up the payment of retainage. federal attorney case management software
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