Article Date: 01/31/11

CONTRACT RETAINAGE USED TO SECURE SEPARATE OBLIGATION

Court of Appeals of Minnesota

Nodland Construction Co., Inc. v. City of Avon

No. A10-954 (unpublished)
January 4, 2011

Overview

A Minnesota court has ruled that a contractor agreed to have its contract retainage serve as collateral to secure an obligation distinct from contract completion. The contractor could not recover the retainage despite satisfactory performance of the work.

Background

Percheron Properties LLC, developer of ... Log in to view the full text.

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