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Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

Texas lien law: ‘Retainage’ or ‘reserved funds’? In 2021, Texas enacted some sweeping changes to the mechanics lien process effective on projects where the original contract was entered into on or after January 1, 2022. Lien for unpaid retainage. 53.025 provides some insight.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. « Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. University of St. Francis , No.

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Construction Contract's arbitration provision is separable, based on

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. « Florida court holds that statute of limitations does not apply to certain arbitrations | Main. Mortenson demanded arbitration and Saunders opposed.

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Federal Court dismisses sub's claim against GC because of arbitration

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. « Louisiana does not give res judicata effect to an unconfirmed arbitration award | Main. | VETS also obtained a payment bond from Hanover.

Claims 40
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Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. « Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1 | Main.

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Non-signatory bound by agreement to arbitrate

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. « Florida Supreme Court follows Texas Lamar Homes | Main. Arbitrators award attorneys fees, contract notwithstanding » December 28, 2007.