Retainage: What Can Be Held Back and For How Long?
Retainage is very common in the commercial/industrial/government contract world, and very uncommon almost everywhere else. To curb abuses, many states and government agencies have enacted laws and regulations to control how much money can be held back by an owner or upper-tier contractor. The rules are different all over the place, and unfortunately, a lot of people just flat ignore them. Join us on Thursday, September 22 when Susan McGreevy of our Kansas City office discusses this topic, including issues such as:
- Is there a law that limits what can be held for your project?
- When can an owner or GC hold more than the 5 or 10% that is set out in the law?
- What if a sub/supplier won't agree to let you hold retainage?
- Can I get attorney's fees if I have to sue to get retainage?
- Can I avoid having retainage held on me?
Attorneys will be on hand in our Denver, Minneapolis, St. Louis, and Washington D.C. offices to provide immediate feedback and to ensure we answer your questions.
Register online by Monday, September 19.
When: Thursday, September 22
6:50-7 a.m. (MT)
7:30-8 a.m. (CT)
8:50-9 a.m. (ET)
7-8 a.m. (MT)
8-9 a.m. (CT)
9-10 a.m. (ET)
Where: Stinson Leonard Street