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Story Index
The American Subcontractors Association of Greater Milwaukee is pleased to be a part of this special section of The Daily Reporter. Chartered in 1986, our Greater Milwaukee chapter association represents more than 110 subcontractors, suppliers and service providers in southeastern Wisconsin. We are one of more than 50 chapters nationwide.
Retainage is the holding back of a portion of the amount earned by the contractor, even though the contractor has properly completed the work. Wisconsin statutes require public owners to hold back 10 percent of the money earned by the contractor on the first 50 percent of the project, but don’t require retainage on the second half if satisfactory progress is being made.
Integrity is the foundation we need
Can you remember when the signature of a craftsman was the quality of his work? Do you remember when business deals were consummated with a handshake? If you answered, "Yes," you remember when the integrity of an organization’s products, services and relationships was the cornerstone of its success.
The old Marshall Field’s building at the corner of Wisconsin and Plankinton avenues was one of Milwaukee’s premier department stores for almost 100 years. The building lay dormant for nearly two years before renovation work began in the fall of 1999.
Getting the most out of our Business Practices Interchanges
We generally conduct a "Business Practices Interchange Session" right before dinner at each regular ASA chapter meeting. In member surveys, the BPI ranks high as a valuable member benefit. Our membership has grown, and more and more new representatives and guests are attending ASA meetings. Accordingly, this information sheet is provided to help you get the most out of the BPI sessions.
Why we need to limit hold harmless clauses
A few weeks ago, The Daily Reporter chronicled the saga of how a prime contractor and 19 subcontractors were denied prompt payment for services performed in the demolition of County Stadium. After months of delay, legal wrangling and mounting debts, a settlement was reached and payments made. Exposing this dispute to public sunlight might have been the catalyst that led to a successful result.
Limiting indemnification, hold harmless clauses and additional insured endorsements
Construction contracts, whether from the owner to the general contractor or from the general contractor to the subcontractor, contain indemnification and hold harmless clauses. These clauses shift liability risk from one party to another. Contracts often require contractors to add other parties as "additional insureds" to insurance policies as a way to unfairly circumvent indemnification clauses.
Maximizing your surety bond credit potential
If you desire to increase your overall capacity to obtain higher levels of surety credit, you must establish and maintain a relationship of mutual trust, confidence and respect between yourself and your surety.
The construction contract: A financial mine field for the unwary
No one in their right mind would knowingly attempt to cross a mine field without first detecting and disarming any land mines. Failure to do so could result in serious injury or death.
Changes needed in state’s construction law
Wisconsin is regarded as one of the more progressive states with respect to construction law. The state’s construction lien law has several exemplary provisions that protect both the public and contractors.
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