R. Thomas Dunn | Pierce Atwood | September 28, 2019 Suppose you are in-house counsel for a construction company. Your Guaranteed Maximum Price (“GMP”) is blown and the Owner has refused to execute any change orders during the Project. You know you are heading towards a claim. Within one week of substantial completion being achieved,… Continue reading Practical Tips on Working with Former Employees Who Are Key Witnesses
Category: Construction Law
New Illinois Law Impacts Retainage For Contractors
Matthew Horn | SmithAmundsen | September 13, 2019 The Illinois legislature recently passed a law modifying the Contractor Prompt Payment Act, impacting retainage on all private projects (except residential projects involving twelve units or less). The law sets the ceiling for retainage at 10%, and requires that retainage be reduced to no more than 5% once the… Continue reading New Illinois Law Impacts Retainage For Contractors
Illinois’ New Retainage Law
James Rohlfing | Saul Ewing Arnstein & Lehr | September 3, 2019 Effective August 20, 2019, Illinois law provides that a maximum of 10 percent retainage may be withheld from payments under private construction contracts and, after the contract is one-half complete, retainage must be reduced to 5 percent and kept at 5 percent for the remainder of… Continue reading Illinois’ New Retainage Law
When it Comes to Trials, it’s Like a Box of Chocolates. Sometimes You Get the Icky Cream Filled One
Garret Murai | California Construction Law Blog | August 27, 2019 According to the California Judicial Council you have about a one in three chance your case will go to trial. In 2018, of the 210,028 unlimited civil cases that were filed (i.e., cases with an amount at issue of more than $25,000) only 33 percent made… Continue reading When it Comes to Trials, it’s Like a Box of Chocolates. Sometimes You Get the Icky Cream Filled One
Unintended Consequences With Modern Day Construction Documents – Typically, “The Devil is in the Details”
George M. Nicholos | Vandeventer Black | July 20, 2019 Whether this well-known proverb is attributed to French Novelist Gustave Flaubert or Modernist Architect Mies van der Rohe, the meaning is likely the same; costly mistakes usually originate in the details of a project. Faced with shrinking design budgets, one of the first corners cut… Continue reading Unintended Consequences With Modern Day Construction Documents – Typically, “The Devil is in the Details”