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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 percentages and negotiations.

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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.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Program regulations are currently being drafted to include the expanded definition for “Advanced Manufacturers.” The terms are negotiated specific to each firm’s individual needs and situation with a maximum limit of 3% of Capital Expenditures. ” For more information, please visit this link. FINANCING .

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

JOB TRAINING PROGRAM: Originally set to expire in 2011, the Arizona Competitiveness Package extended the program an additional five years until December 31, 2016 and modified the definition of a “rural area.”. $25 The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

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