What’s your profit margin? Think through how retainage impacts your bottom line during your projects. In 98% of your projects, the retainage will flow down to you. What can a prime contractor do when all they have is heavily mortgaged land and owe their subcontractors.
Here’s the Scenario: Try explaining the concept of “retainage” to a businessperson unfamiliar with the construction industry at your next holiday party. Here’s the typical response as.