Retainage Meaning Construction at Eva Hugo blog

Retainage Meaning Construction. Retainage is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed. Retainage in construction is a common practice that serves as an incentive for contractors and subcontractors to complete their work on time and adhere to. What does retainage mean in construction? Retainage (or retention) is one of the biggest culprits of cash flow issues for construction companies—especially for subcontractors. Retainage, also known as retention or retention money, refers to a portion of the contract price that is withheld by the project owner or general contractor from the progress. Retainage is the practice of temporarily withholding payment from a contractor for work performed. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction.

Getting Familiar with New Illinois Retainage Laws Grzymala Law
from grzymalalaw.com

Retainage (or retention) is one of the biggest culprits of cash flow issues for construction companies—especially for subcontractors. Retainage is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction. Retainage, also known as retention or retention money, refers to a portion of the contract price that is withheld by the project owner or general contractor from the progress. Retainage in construction is a common practice that serves as an incentive for contractors and subcontractors to complete their work on time and adhere to. Retainage is the practice of temporarily withholding payment from a contractor for work performed. What does retainage mean in construction?

Getting Familiar with New Illinois Retainage Laws Grzymala Law

Retainage Meaning Construction What does retainage mean in construction? Retainage, also known as retention or retention money, refers to a portion of the contract price that is withheld by the project owner or general contractor from the progress. Retainage (or retention) is one of the biggest culprits of cash flow issues for construction companies—especially for subcontractors. Retainage in construction is a common practice that serves as an incentive for contractors and subcontractors to complete their work on time and adhere to. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction. Retainage is the practice of temporarily withholding payment from a contractor for work performed. What does retainage mean in construction? Retainage is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed.

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