LD862 — An Act To Limit The Amount Of Money That May Be Retained On Construction Contracts

LD862 — An Act To Limit The Amount Of Money That May Be Retained On Construction Contracts · Informed CitizenryThis bill amends 10 MRSA §1116 to limit retainage on construction contracts to 5% of the contract price. The bill specifies that this limit applies to contracts entered into on or after the effect…Open in Informed Citizenry