Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters
Levelset
AUGUST 25, 2022
The main changes came in the form of simplified notice procedures and lien filing deadlines. As far as retainage and reserved funds in Texas, here’s a quick recap: Texas retainage are amounts that are withheld by a contractor or a sub pursuant to the terms of their contract; more specifically their subcontract. Need more help?
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