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Construction Industry Contractors Escrow Accounts

Davis Wright Tremaine LLP

Escrow No More: A New Era for Oregon's Construction Retainage Law in 2024

On March 7, 2024, the Oregon legislature enacted a significant change to the state's law on retainage requirements for public and private construction projects. The new law introduces options for contractors to receive full...more

Miller Nash LLP

Oregon Retainage Law Has Changed—for the Better!

Miller Nash LLP on

Oregon law about retainage on public and private construction projects changed on March 7, 2024. Contractors now have a workable option to obtain full payment of progress payments, without subtraction of cash retainage....more

Bass, Berry & Sims PLC

Tennessee Supreme Court Clarifies Application of the Prompt Pay Act

Bass, Berry & Sims PLC on

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

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