John Walsh

John Walsh

Venable LLP

Contact
View Bio
RSS

Latest Posts › Payment Terms

Share:

New Law Sets Maximum Construction Contract Retainage at 5% in New York

On November 17, 2023, Governor Kathy Hochul signed a bill into law amending Sections 756-a and 756-c of the New York State Prompt Payment Act (N.Y. Gen. Bus. Law ยง756 (McKinney 2009)) governing restrictions on retainage and...more

12/7/2023  /  Amended Legislation , Construction Contracts , Construction Industry , Contract Terms , General Contractors , New Legislation , Payment Terms , Prompt Payment , Retainage
1 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide