For any “prime” or general construction contract that is $500,000 or greater and all subcontracts thereunder (regardless of amount), Tennessee law requires that the owner (and by implication, any construction lender funding...more
2/21/2019
/ Civil Monetary Penalty ,
Construction Project ,
Criminal Liability ,
Escrow Accounts ,
Escrow Instructions ,
General Contractors ,
Notice Requirements ,
Property Owners ,
Retainage ,
Statutory Requirements ,
Strict Compliance