Posts tagged Statutory Payment Bond.
Owners of construction projects are often surprised to learn that they are required to withhold 10% retainage on private construction projects in Texas. Failure to withhold 10% can result in liability up to that amount.[1] Similarly, owners often continue to pay the general contractor after receiving a lien ...
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- New Texas Legislation that Restricts Owner-Directed Change Order Rights Takes Effect September 1, 2023
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