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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. However, even though retainage is commonplace, it’s not always used fairly.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Industry research supports these sentiments.

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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. The industry’s retainage practices throw another wrinkle into the process. This can cause problems for a couple of reasons.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. foundation. foundation software. Ask the Expert.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. Collaborating on Cash flow » The Year of Mobile Technology? Every year, there seems to be a new product or service that’s all the industry buzz. You can’t turn the page of a magazine or open up an industry-related website without seeing it. foundation.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. foundation. foundation software. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert.

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