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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. Retainage can cause a cash flow burden for contractors, especially subs at the bottom of the payment chain.

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What is Retainage in Construction?

Lets Build

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. Retainage and mechanic’s liens. Retainage in construction defined.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Below, we’ve listed some items your business plan should definitely include. Keep the cash flowing as smoothly as your paint. Review your cash flow regularly. Set goals for your business.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Below, we’ve listed some items your business plan should definitely include. Keep the cash flowing through your financial pipes. In order to grow, a plumbing company must proactively manage cash flow.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Below, we’ve listed some items your business plan should definitely include. Keep the cash flowing like current on a hot line. You need to be a master of your cash flow.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Below, we’ve listed some items your business plan should definitely include. . Keep the cash flowing like water down a valley. You need to be a master of your cash flow.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Johann Wolfgang von Goethe is credited with saying "Until one is committed, there is hesitancy, the chance to draw back-- Concerning all acts of initiative (and creation), there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too.