Site icon TheLienZone Podcast

What is Retainage and How to Get it Sooner

PODCAST COVER ART

What is retainage?​  Retainage is standard in many construction contracts as an incentive for the contractor to perform their work in a satisfactory manner. When retainage is used, the contractor will receive a percentage of their contract price as portion of their payment at the start of a project. These retainage payments are typically withheld until the project is completed and a final inspection has been performed to ensure that the work is of the highest quality and meets all of the specifications of the contract.

Make sure to follow us on our dedicated construction site as well as our podcastYouTube videos and social media including InstagramLinkedIn and Twitter. Get a jump on your competition.

About Alex Barthet

Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or alex@barthet.com

Exit mobile version