No matter your tier in the construction contracting chain, understanding the nuanced rules and procedures about retainage, back charges, and other payment withholdings is critical to managing cash flow and protecting your bottom line. Notably, Washington State’s new private-project retainage law went into effect in July 2023 and a similar law in Oregon is on the horizon. Both will significantly impact construction throughout the Northwest.
This discussion covers the hot topic of retainage, as well as numerous other statutory and contractual withholding frameworks that impact how and when contractors are paid. In this complimentary webinar, our experienced construction attorneys will share their practical perspective on the legal requirements related to payment withholdings, as well as best practices in delivering a successful, win-win project.
This program will cover:
- Washington State’s SB 5528 retainage law for private commercial construction
- Dealing with and expected changes in Oregon retainage law
- Back charges (including separate project charges, notice, trade damage, delay claims, multiple contractor claims and other issues)
- Pay-if-paid vs. pay-when-paid terms
- Prompt payment statutes
Following the update, the speakers will remain available to address questions.
Who Should Attend?
The complimentary webinar is for contractors and subcontractors, owners and developers, design professionals, and related industry firms. Please share this invitation with your colleagues and encourage them to register.
Click here to register.
Date / Time
Tuesday, October 24, 2023
9:00-10:30 a.m. PT
