Retainage in Construction: Security Measure for Owners, But What for Contractors?
Buildern
NOVEMBER 23, 2023
One such measure is the use of a retainage fee, which is a percentage of the contract amount that an owner withholds from a contractor until the completion of the project. After all, who said contractors have lower risks of underpayment and they don’t need their own security measures from owners? What Does Retainage Mean?
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