Erinn Contreras and Joy O. Siu | Construction & Infrastructure Law Blog | March 7, 2018 It is industry standard in California for owners of a construction project to make monthly payments to a contractor for work it has completed, less a certain percentage that is withheld as a guarantee of future satisfactory performance. This… Continue reading “Good Faith” May Not Be Good Enough: California Supreme Court to Decide When General Contractors Can Withhold Retention
Tag: Withholding of Retention Payments
Reconciling Prompt Payments and Withholding of Retention Payments
Eric J. Rollins | Newmeyer & Dillion LLP | June 27, 2016 It is common in California for the owners of a project to make monthly payments to a contractor for work as it is completed, but withhold a certain percentage as a guarantee of future satisfactory performance. Contractors almost always pass these withholdings on … Continue reading Reconciling Prompt Payments and Withholding of Retention Payments