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

Levelset

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. Retention receivable and payable is different from accounts receivable and payable. Fariba Mehdian.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Copyright Notice.

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Unlimited liability for designers and contractors

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Copyright Notice.

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constructionattorneyblog: Liability for green design

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Liability for green design.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Copyright Notice.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Copyright Notice.

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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

A water infrastructure “asset owner” must reimburse MDE for costs incurred, and a lien must be established for nonpayment under specified circumstances. The bill also establishes liability protections for MDE and the State. Thank you to the Maryland Department of Legislative Services for the information provided above.

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