VOLUME 5   ISSUE 3   JANUARY 22, 2016

 

By Bruce Jervis

 

The retention of a percentage of each progress payment is customary in the construction industry. The purpose is to protect a project owner or prime contractor against incomplete or noncompliant work by a contractor or subcontractor. The retained funds are released upon successful completion of the project to the parties that performed the work. Read more.

 

Featured …


 

This week's blog highlights from across the industry look at:

 

  • Construction equipment — telematics and GPS
  • Construction equipment — buy used or new?
  • What's the Internet of Things have to do with construction?
  • Lean construction on the Ohio River
  • Remote-control vehicles making their way to construction sites

 

Read more


 

 

 

 

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