Retainage is a portion or percentage of a payment temporarily held back (aka retained) by the Owner or Bank to ensure all work is satisfactorily completed. The terms for any & all retainage’s should be located in the contract documents.
The Homeowners & Trades Resource Center
Retainage is a portion or percentage of a payment temporarily held back (aka retained) by the Owner or Bank to ensure all work is satisfactorily completed. The terms for any & all retainage’s should be located in the contract documents.
