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What is ‘Retainage’: Understanding Its Role in Construction Contracts

Building Radar

This withholdage helps manage cash flow and ensures that contractors address any final issues before receiving the full payment. Legal and Contractual Aspects Retainage practices are governed by both contractual agreements and legal regulations. Comprehensive insights into these regulations can be found in Truss Payments’ blog.

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Construction Business Owner Blogs

Construction Business Owner

Compliance/Regulations. Product Spotlight. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

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Construction Business Owner Blogs

Construction Business Owner

Compliance/Regulations. Product Spotlight. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. productivity. People Management. Green Building.

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Construction Business Owner Blogs

Construction Business Owner

Compliance/Regulations. Product Spotlight. « Collaborating on Cash flow. Turn Construction Data into Business Answers » Data Security in the Cloud. People I’ve talked to say it’s because they’re unsure of the security surrounding their business data. Security in these environments is very tight.

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Construction Business Owner Blogs

Construction Business Owner

Compliance/Regulations. Product Spotlight. Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. productivity. Tags: cash flow , Construction Software , document management , job cost , reporting.

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Construction Business Owner Blogs

Construction Business Owner

Compliance/Regulations. Product Spotlight. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. productivity. People Management. Green Building. Construction Safety. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. foundation.

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Construction Business Owner Blogs

Construction Business Owner

Compliance/Regulations. Product Spotlight. So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. People Management.

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