Shopping Cart (0) items Sign In

Construction Claims Monthly - Devoted exclusively to the problems of construction contracting since 1963

‹ Prev article: 

Subcontract Retainage Not Due Until Project Acceptance Payment-final; Retainage

Tuesday, February 03, 2004 11:57 am

Subcontract Retainage Not Due Until Project Acceptance Payment-final; Retainage

An Arizona court has ruled that retainage under a subcontract did not have to be released until the owner accepted the project. And the claim limitation period on the subcontractor's performance bond did not start to run until release of the retainage.

Decca Design Build, Inc. was the prime contractor on an apartment building project. Decca subcontracted the plumbing work to Precision Mechanical, Inc. Precision furnished a performance bond, issued by American Automobile Insurance Co., naming Decca as the obligee.

The bond said, "Any suit under this bond [...]

› Next article: 
Sign up now for Construction Claims Monthly Online! Your own virtual help desk of must-have techniques, tutorials, and how-to articles.
Join Now Construction Claims Monthly! Close

Dear Valued Customers,

We regret to announce that ProEdTech LLC and all its affiliate brands will cease operations on April 1, 2019.

We are no longer able to fulfill online orders. We will fullfill all DVD and book orders already placed.

Customers of canceled webinars and subscription products may request a refund at (800) 223-8720 or You must do so by April 1, 2019.

Thank you for your business and loyalty over the years. We sincerely apologize for any inconvenience caused.

Best regards,
The ProEdTech Team