Retainage Protection by Kelly M. Davis
Kelly M. Davis is the owner of Kelly M. Davis & Associates, LLC. She grew up around the construction industry and knew once she opened her practice she would help construction related businesses. In this recent blog post, Kelly discusses retainage protection and the importance of documenting all your processes.
Retainage Protection – Part 2
The last time (Retainage Protection Part 1) we talked about the importance of documenting your file. Today I want to discuss one component of that documentation-the notice you are required to send when your subcontract includes payments that are being withheld as contractual retainage. Take note that the bulk of this discussion relates to subcontractors on a commercial construction project-there are some significant differences in the residential context and other differences if you are the original contractor working for the owner.Read More…