7 Things Contractors Need to Know About Retainage
Fieldwire
AUGUST 14, 2023
It is governed by the contract, which means it’s part of the agreement between two parties. For example, in the American Institute of Architects (AIA) A401 — the standard contract between a contractor and subcontractor — the retainage amount is blank. Retainage is up for negotiation Retainage is not set in stone.
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