Most private construction contracts executed on or after January 1, 2026, must limit progress payment retention to five percent or less under a new law that goes into effect on the first of the year in California. This...more
10/16/2025
/ California ,
Construction Contracts ,
Construction Project ,
Contract Terms ,
Contractors ,
Enforcement Actions ,
New Legislation ,
Real Estate Development ,
Regulatory Reform ,
Regulatory Requirements ,
Retainage ,
Risk Management ,
Subcontractors
Most companies have been involved in a situation where they want to end their relationship with another company, or with an employee, and to permanently terminate their mutual obligations (e.g., a settlement agreement...more