Towns Assess Impact Fees on Developers to Fund Infrastructure If you are buying a home in a new development, your purchase price may reflect fees paid by the developer to fund the paving of the street in front of your house, and other municipal services. The developer may be able…
The Massachusetts construction industry has been rocked by a new law, passed by the legislature as Senate Bill 2271. The law reduces the amount of money property owners and developers can withhold from general contractors who in turn withhold from subcontractors working on their building projects, a practice called “retainage.” Owners and…