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7 Things Contractors Need to Know About Retainage

Fieldwire

Retainage is up for negotiation Retainage is not set in stone. It is governed by the contract, which means it’s part of the agreement between two parties. Every contract is negotiable, including what percentage is retained and for how long. It’s up to the contracting parties to agree on the terms that work for both of them.

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Test the Bounds of Job Order Contracting?

Job Order Contracting

California Contractor Tests the Bounds of Job Order Contracting. Among other things, Torres argued: The JOC contract, because it required that job order proposals be submitted after-the-fact, was not an enforceable contract but merely an agreement to negotiate. JOC Contract: Enforceable Contract or Mere Agreement to Negotiate.

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California Legislature Further Helping Subcontractors

Construction Law Monitor

I recently found a good article on JDSupra.com , always a great source for solid legal content, regarding California Senate Bill 474. This new Bill, allows for subs to enter into subcontract agreements with general contractors and then after-the-fact afford the sub protections because the general contractor had a well written contract.

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Common Law Analysis – Pay-if-paid, Pay-when-paid & Liquidating Agreements in Construction Contracts

Construction Law Monitor

Liquidating Agreement. Another technical term that is not often discussed in construction, yet is present in many construction contracts is the mechanism know as a “liquidating agreement” Sloan pg 16. Do not confuse a liquidating agreement with liquidated damages. Further reading: California Pay-if-paid Wm.

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How to Protect Your Business When Employees Get Poached

Pro Builder

Here’s an example: A California sales executive who jumped ship for a competing employer took along a folder of customer lists and marketing plans. Businesses looking to negotiate this rocky terrain have a valuable tool at their command: restrictive covenants. Confidentiality agreements. What Is a Restrictive Covenant?

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Lawsuit Over LEED Documentation

Green Building Law Update

A case filed last week in a California court is a prime example of the importance of contract documents in a LEED project. With a performance bond in place, the City and the surety announced in early March that they has negotiated a takeover agreement that will allow a new contractor to complete construction.

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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. Other jurisdictions, such as California, New York and Nevada , have expressly ruled that the “pay as paid” clauses are unenforceable as a violation of state public policy.