Public school districts and other units of local government in Georgia now face new requirements for an important part of many construction contracts: retainage, or the amount the project owner can withhold from progress payments to ensure the job gets done.

The changes are the result of Georgia Senate Bill 438, which went into effect on July 1. The new law eliminates some confusion as to when a local government must stop or may restart withholding retainage—two areas that had previously led to disputes.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]