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Re: Need info

It should be in your contract, I have had retainage held in three ways over the years, 30, 60, and 90 days and at completion on smaller contracts. However it seems to be the trend lately for companies to never pay retainage so that they can use it to bankroll the next project, with that in mind I would negotiate as short as possible allowing time for QC so you don't get allot of money hanging out there.

> What is the normal waiting period to get your money from a prime that withheld "retainage"?
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Posted in reply to: Need info by jduu
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