7 Things Contractors Need to Know About Retainage
Fieldwire
AUGUST 14, 2023
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. On public projects in California, for example, state law caps retainage at 5% prior to completion and acceptance of the project. Retainage is no different.
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