Latest News

30 Mar, 2015

Demanding A Reduction in Retainage

2018-04-23T23:55:11-05:00March 30th, 2015|Construction Contractor Advisor, Nebraska Prompt Pay Act|

One of the attendees of the Goldleaf Surety presentation asked a great question about reducing retention under the Nebraska Construction Prompt Pay Act, Nebraska Revised Statutes, 45-1201-45-1211.  He wanted to know whether there was any way to reduce and recover retainage during the project.  The short answer is retainage should be reduced half way through the project, but there is no right to recover retainge for work performed during the [...]

27 May, 2014

Changes to the “Nebraska Construction Prompt Pay Act”

2018-04-23T23:55:14-05:00May 27th, 2014|Construction Contractor Advisor, Nebraska Prompt Pay Act|

This post was written by Jessica Nolan, a summer associate at Lamson Dugan & Murray, LLP. The Nebraska Construction Prompt Pay Act, Nebraska Revised Statutes, §§ 45-1201 to 45-1210, was amended and approved by the Governor on April, 16 of this year. The approved changes to the statutes (§§ 45-1201 to 45-1210) will be effective July 17, 2014. Importantly, the changes will only impact contracts entered into after that date. [...]