On June 30, the Supreme Court of Tennessee issued an opinion interpreting the retainage provisions in Tennessee’s Prompt Pay Act (the Act). The opinion has significant implications for construction projects across Tennessee....more
7/30/2021
/ Civil Monetary Penalty ,
Construction Industry ,
Construction Project ,
Contractors ,
Escrow Accounts ,
Prompt Payment ,
Retainage ,
Statutory Penalties ,
Subcontractors ,
Third-Party ,
TN Supreme Court