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Re: retainage question

Talk to your customer and negotiate a "CAP" most will be willing to work with you if you've done a half a million dollars or more with them. A business bank should talk to you if your customer has a good credit rating. If your customer has a poor Brad and Dunn Street rating you might not have any retainage anyway. Some retainage is to guaranty craftsmanship, but at your amount it sounds like a performance bond. That may be 2 years. I start by taking your numbers to your customer and asking.
This is CABL.com posting #226841. Tiny Link: cabl.co/m7aT
Posted in reply to: retainage question by procore
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