Blake Robinson | Davis Wright Remaine When a construction project goes bad, there will often be more than one party looking for payment. The project owner might fail to pay both the contractor and the lender. If both the contractor and lender have liens, whose lien has priority? The short answer: it depends. The General… Continue reading Contractors vs. Lenders – Who Has Lien Priority in Oregon?
Tag: Oregon
More (and Simpler) Options Under New Oregon Retention Law
Michael Yelle | Ahlers, Cressman & Sleight Similar to the changes made by the Washington Legislature last year, the Oregon Legislature recently changed its retention law. Oregon public works agencies and large commercial project owners are now required to accept surety bonds in lieu of withholding retainage on construction projects. There is also no longer… Continue reading More (and Simpler) Options Under New Oregon Retention Law
Escrow No More: A New Era for Oregon’s Construction Retainage Law in 2024
Antonija Krizanac | David Wright Tremaine 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 payment of progress payments without retainage and without interest-bearing escrow accounts. Specifically, HB 4006-A (effective… Continue reading Escrow No More: A New Era for Oregon’s Construction Retainage Law in 2024
PacifiCorp to Pay $250 Million in Timber Company Settlement for 2020 Wildfire
Ryan Haas | OPB For the second time this month, the utility provider PacifiCorp will pay out hundreds of millions of dollars to end a lawsuit over its alleged role in the devastating Oregon wildfires in 2020. In a filing to the U.S. Securities and Exchange Commission on Monday, PacifiCorp announced it has reached a… Continue reading PacifiCorp to Pay $250 Million in Timber Company Settlement for 2020 Wildfire
Jury Finds PacifiCorp Owes More than $73 Million for Causing 2020 Oregon Wildfires
Ryan Hass and Cassandra Profita | OPB Oregon’s second-largest electrical utility, PacifiCorp, played a significant role in the Labor Day wildfires that ravaged parts of the state in 2020, according to a Multnomah County jury. Jurors returned a nearly unanimous verdict Monday that found the utility caused a substantial amount of damage related to fires… Continue reading Jury Finds PacifiCorp Owes More than $73 Million for Causing 2020 Oregon Wildfires