Day: March 3, 2020

Florida limits retainage on public projects to 5%

Dive Temporary:

  • Following a 40- vote, Florida lawmakers have handed a bill that will restrict the amount of money of retainage that can be withheld from contractor payments on condition and nearby publicly funded tasks to five%. If Florida Gov. Ron DeSantis signs the laws, the new law will go into impact Oct. one, 2020.
  • Presently, contractors operating on community tasks have 10% retainage withheld from their payments right until 50% of the challenge is comprehensive. Then, the retainage price drops to five%. In addition to restricting how substantially retainage community entities are permitted to withhold, the new law will
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Stuart Grant to leave Stanhope | Online

Stuart grant stanhope

Grant has been Stanhope’s handling director and a board member because 2018.

Prior to the job at Stanhope, Grant expended eighteen a long time at Blackstone wherever he was senior handling director helping the Asia-Pacific company.

CoreLife Traders will have a certain focus on life-science innovation clusters and main-furthermore possibilities. It will target investment possibilities in London, Edinburgh, Oxford and Cambridge.

Graham Stanley has been appointed as chairmand and strategic advisor at CoreLife Traders. 

Stanley and Grant will assemble a group of close to 5 professionals to idenitfy and line up investments. 

“I am very pleased of what we have

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Modular Monitor: How GCs, trades and architects view offsite construction, by the numbers

Considering the fact that Construction Dive commenced having the pulse of offsite development, this column has been inundated with praise for the technique from self-determined modular builders.

Modular-focused companies are placing collectively vertically built-in company types, handing over keys to turnkey structures and even calling the motion disruptive. 

But modular builders likely can’t move the needle on their very own, so the target is distinctive for this month’s column: modular’s other stakeholders. 

Although there are over 200 modular builders in the U.S., in accordance to the Modular Building Institute, professional modular making only accounts for about four% of the sector. 

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