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|July 9, 2025
BitMine Completes $20 Billion Upsize of ATM Program
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|June 8, 2025
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|April 9, 2025
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|October 22, 2025
Winston & Strawn Sponsors the 2025 Eastern District of Texas Bench Bar Conference
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|October 6, 2025
|1 Min Read
California Limits Contractor Retention to Five Percent
Starting in 2026, California will cap retention in private construction contracts at 5%, matching public works standards. The rule excludes non-mixed-use residential projects under four stories and applies across all contractor-subcontractor levels. Lower retention rates for direct contractors will extend to subcontractors. Advocates say that the cap will ease financial strain, especially for smaller firms. Owners may respond with stricter bonding requirements, potentially raising construction costs due to reduced protection against non-performance.
Winston will continue to monitor developments and provide updates as they become available. Please contact your Winston relationship partner should you have any questions or to request further information.
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|September 30, 2025
Tax Implications of the Big Beautiful Bill Act
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