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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Retention doesn’t usually apply to material suppliers. ABC Contractor is billing a project owner for $100,000 with 10% retention.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

Over the past few years there has been a spike in public work and as these jobs reach completion contractors, subcontractors, equipment lessors, laborers and materials suppliers are forced to become well versed in the layout of the public bid law. Entering into a contract for a construction project with a public entity has strict regulation.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

Over the past few years there has been a spike in public work and as these jobs reach completion contractors, subcontractors, equipment lessors, laborers and materials suppliers are forced to become well versed in the layout of the public bid law. Entering into a contract for a construction project with a public entity has strict regulation.