Why Does Retainage Exist? As subcontractors know all too well, retainage is an owner’s or higher-tier contractor’s practice of holding a predetermined percentage from each progress payment to the next-lower tier of subcontractors, and releasing the retained amounts only when a milestone such as “substantial completion” is reached. This practice has a dramatic effect on […]
Gregory + Madigan Honored by Best Lawyers® for Construction Law Expertise
The 2016 edition of The Best Lawyers in America® has been released and Kegler Brown’s construction law practice once again features prominently. Don Gregory, chair of the practice and one of the most highly visible construction lawyers in Ohio, was honored for the 11th year in a row in the areas of construction law and […]
Are Construction Projects “Problems in Progress”? Obey these Ten Commandments of Construction Risk Management
It is a common saying that construction projects are “problems in progress.” Subcontractors, who often are the ones financing the project through their labor and materials, bear inordinate risk that the financial impact of any problems will fall on them. If you follow the commandments below you won’t eliminate problems, but you can set yourself […]
10 Things to Remember When Your Work is Delayed
Don gives ten “Do’s” and Don’ts” suggestions to remember the next time your construction job is delayed. Read the full article from Ohio Asphalt Magazine.
Ten Things You Should Know About Wrap-Up Insurance
A recent industry trend is the use of “wrap up” insurance policies, which cover contractors and subcontractors working on large construction projects for a large variety of risks. As wrap up policies are used more often, here are ten things you should know about wrap-up insurance policies: Are a single risk management program for most […]