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Industry Watch: New York’s Retainage Law Exposes a Bigger Owner-Side Blind Spot
Prompt payment laws rarely come up, until they’re violated. That was my first reaction reading New York’s latest retainage amendment. I’m not surprised by the law itself. I’ve been writing about prompt payment acts around the world for years. What struck me was how many standard construction contracts are likely out of compliance under this…
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Industry Watch: Why Architects Should Embrace the Owner’s Representative Model
A friend of mine recently took on a small renovation at his home.Beautiful concept. Straightforward scope. The kind of project most architects enjoy. But within weeks he was embroiled in conflicts over schedule, cost, and contractor direction — the exact issues his architect refused to engage in. What should have been a simple renovation became…