Sections
8 entriesSection 8810Defines the scope of this article to govern a retention payment withheld by an owner from a direct contractor or withheld by…Section 8811Limits retention on private-work contracts entered on or after January 1, 2026, to 5 percent of each payment and contract price, with…Section 8812Requires an owner withholding retention from a direct contractor to pay it within 45 days after completion of the work of improvement.…Section 8814Requires a direct contractor, within 10 days after receiving all or part of a retention payment, to pay each affected subcontractor its…Section 8816Requires an owner or direct contractor, within 10 days after receiving notice that disputed work was completed according to contract, to notify…Section 8818Sets liability for an owner or direct contractor that fails to make a required retention payment at 2 percent per month on…Section 8820Bars contractual waiver of the provisions of this article by declaring such waiver contrary to public policy. The rule prevents parties from…Section 8822Exempts from this article a retention payment that a lender withholds pursuant to a construction loan agreement. The article’s rules therefore do…