In This Issue:
- Retainage limited to 5 percent in Massachusetts: Outlier or coming to your state?
- Pennsylvania overhauls mechanic’s lien law with creation of state construction notices directory
- Recent Massachusetts decision highlights limitations of AGO bid protest decisions.
- Excerpt from Retainage limited to 5 percent in Massachusetts: Outlier or coming to your state?
Effective November 6, 2014, Massachusetts joined a minority of states that limit retainage to 5 percent of each progress payment under a contract. This new Massachusetts law only applies to large private projects in excess of $3 million and does not apply to residential projects of up to four units.
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