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How does retainage work?


I understand the concept of retainage, i.e. Make sure "Joe" your subcontractor does not screw you over by billing for unsat work.

But what is a fair amount to retain, how long, is it fair/legal to have retainage on some subs and not others?

Work is mostly in the audit / installation / direct sales.

Thanks.
This is CABL.com posting #18946. Tiny Link: cabl.co/me5K
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Re:How does retainage work? Ingress 6/27/2000 9:57:00 AM