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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