The Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections

What is Retainage and How to Get it Sooner

07.07.2022 - By [email protected]Play

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What is retainage?​  Retainage is standard in many construction contracts as an incentive for the contractor to perform their work in a satisfactory manner. When retainage is used, the contractor will receive a percentage of their contract price as portion of their payment at the start of a project. These retainage payments are typically withheld …

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