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A Win for Contractors in Oregon: New Law Repeals Retainage Escrow Requirements

Oregon contractors and subcontractors now may receive the full amount of their progress payments by posting a specified retainage surety bond with the owner and lender. On March 7, Gov. Tina Kotek signed HB 4006, an...more

5 Things to Consider When Using Surety Bonds for Engineered Timber Contracts

In 2022, the Ascent, a 25-story apartment building in Milwaukee, Wisconsin, became the world’s tallest mass timber structure. The Milwaukee tower, which features luxury apartments, retail space, an elevated pool, and a sky...more

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