What is Retainage in Construction? Understanding Its Purpose and Impact on Projects Engineers and Architects of America

This also means that ACME is going to have to have enough cash on hand (or the ability to secure financing) to fund that loss for as long as it takes for them to finally receive the retainage withheld. The longer that takes, the more money ACME will need to keep their business going. Unfortunately, it’s clear that cash flow is an issue in the construction More...