article thumbnail

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.

article thumbnail

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.

Cash Flow 147
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get Paid on California Public Projects

Levelset

Just like many other states across the country, California is stepping up its commitment to infrastructure. On May 13, 2022, Governor Gavin Newsom announced that the state’s proposed budget would include $37 billion to “rebuild California,” with money allocated for expanding broadband and housing resources, as well as a $128.3

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

CALIFORNIA – updated for 2014. The California Capital Access Program (CalCAP): Encourages participating banks and lending institutions to provide loans to small businesses that fall outside of conventional underwriting standards. Any unused credit may be carried forward for a period of nine years.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CALIFORNIA. To qualify, a taxpayer’s research must be conducted within California and include basic or applied research of scientific inquiry, original investigation for the advancement of scientific or engineering knowledge or improved function of a business component. Possible city business tax exemption.

Income 75