As of August 20, 2019, no contract for commercial construction may have retainage over 10%; and contracts that are more than 50% complete must reduce retainage to 5%.
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Given the negative impact on development that a new tax the Tax Cut and Jobs Act of 2017 placed on contributed utility infrastructure, the staff of the Missouri Public Service Commission is holding a workshop to address the tax, on July 19th, starting at 10 a.m. at Room 450 in the Governor's Office Building, 200 Madison Street, Jefferson City, MO 65102. It is important that all aspects of the development and building industry in Missouri be represented. Developers, builders, contractors, and subcontractors are encouraged to attend.
Executive Order 13706 established paid sick leave requirements for federal contractors and subcontractors and went into effect on January 1, 2017. Non-complying contractors are subject to monetary damages, attorneys’ fees, equitable relief, and/or debarment from future contracts. How Many Hours Of Paid Sick Leave Are Required? Fifty-six (56) hours annually. Unless employers elect to give employees all the hours upfront, employees accrue one (1) hour of paid sick leave for every thirty (30) hours of work.
While the implied warranty of habitability has been a concern to homebuilders, since it was first recognized by the courts, subcontractors need to be concerned with the effect of the warranty, as well. In a recent case brought by the Sienna Court Condominium Association in Evanston, Illinois, the 1st District Appellate Court addressed the holdings that allow a property owner to bring a claim to correct a latent construction defect directly against one or more subcontractors.