The Construction Act was amended as of November 2024. In our latest blog, we discuss how these changes affect the Residential Construction industry.
Retaining holdback is no joke. Failure to do so may be catastrophic and may result in double payment. Take a look at a recent case our office argued and the consequences that follow to the owner who failed to retain holdback.
Despite its benefits, holdback has disadvantageous features to certain subcontractors in the context of larger-scale projects – early release assists with this problem.
