For legal professionals working in construction law, dealing with retainage, especially on public projects, is a common challenge. In the state of Alabama, this issue can be particularly tricky.
In a recent post by Bradley Arant Boult Cummings LLP, the aspects of retainage on public projects for public owners in Alabama are discussed, specifically for entities such as a governmental board, commission, agency, body, authority, instrumentality, or department. The complication arises due to the uniqueness of government-related contracts as compared to private transactions.
Although the full text of the article is not available to provide detailed insights, the matter of retainage on public projects is indeed essential for professionals to understand fully. Retainage is generally approached differently on public projects, and the guidelines often vary significantly from state to state.
This summary is provided to encourage further examination of the subject for those dealing with construction law or contract matters on public projects within the state of Alabama. For more detailed information, please refer to the original article from Bradley Arant Boult Cummings LLP.Find it here.