Home / Opinion Digests Business Law / Sub Has Claim for Excess ‘Retainage’ (access required)

Sub Has Claim for Excess ‘Retainage’ (access required)

In this contract dispute in which a masonry subcontractor alleges a general contractor unlawfully retained 10 percent of the required progress payments, a Roanoke U.S. District Court will not imply a cause of action for the subcontractor based on a Virginia statute that limits lawful retainage to 5 percent, but the court says the sub ...

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