Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters
Levelset
AUGUST 25, 2022
Given the slim profit margins on construction projects, retainage practices can be incredibly frustrating for contractors. Texas lien law: ‘Retainage’ or ‘reserved funds’? The main changes came in the form of simplified notice procedures and lien filing deadlines. 53.025 provides some insight.
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