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New York Revises Retainage Requirements For Private Construction Contracts: Overview Of The

On November 17, 2023, the State of New York enacted the "5% Retainage Law." This legislation effectively limits the amount of retainage that can be held from general contractors and subcontractors to no more than 5%. ....

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MA Appeals Court: Contractor's Pay Applications Deemed Approved for Owner's Failure to Comply with Prompt Pay Law | Murtha Cullina

The Massachusetts Appeals Court has interpreted for the first time the Massachusetts Prompt Payment Act (the “Prompt Pay Law”) in the matter of Tocci Building Corporation v. IRIV. ....

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