Remove ABC Remove Contractors Remove Lien Remove Materials
article thumbnail

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. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

article thumbnail

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. Public Work – Material Supplier Notice Requirement Statute. Public Bid Law.

article thumbnail

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. Public Work – Material Supplier Notice Requirement Statute. Public Bid Law.