Tuesday, November 8, 2011

SB 293 Imposes Retention Cap on Public Projects

The Legislature recently passed and Governor Brown approved Senate Bill No. 293 (“SB 293”), which brings changes to the Business and Professions Code, Civil Code, and Public Contract Code. Most significantly, SB 293 reduces maximum retention amounts that can be withheld on public works projects (view KMTG's full Legal Alert).

Meghan Covert Russell

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