What Is Retainage Construction at David Michael blog

What Is Retainage Construction. Retainage, sometimes known as “retention,” is the payment amount withheld from contractors and subcontractors until the construction project’s end. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction project. This is a very unique practice. 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 is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed. Project owners use retainage to mitigate risk by setting aside a. Retainage is the practice of temporarily withholding payment from a contractor for work performed.

What is Retainage in Construction and Why It Matters
from www.constructioncostaccounting.com

Retainage, sometimes known as “retention,” is the payment amount withheld from contractors and subcontractors until the construction project’s end. What does retainage mean in construction? Retainage is the practice of temporarily withholding payment from a contractor for work performed. Retainage (or retention) is one of the biggest culprits of cash flow issues for construction companies—especially for subcontractors. This is a very unique practice. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction project. Project owners use retainage to mitigate risk by setting aside a. Retainage is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed.

What is Retainage in Construction and Why It Matters

What Is Retainage Construction Retainage is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed. What does retainage mean in construction? This is a very unique practice. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction project. Retainage (or retention) is one of the biggest culprits of cash flow issues for construction companies—especially for subcontractors. Project owners use retainage to mitigate risk by setting aside a. Retainage, sometimes known as “retention,” is the payment amount withheld from contractors and subcontractors until the construction project’s end. Retainage is the practice of temporarily withholding payment from a contractor for work performed. 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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