For decades contractors and subcontractors have borne the brunt of having money that they have earned held back from them to provide the owner with the funds necessary to complete their work in the ...

ALEXANDRIA, Va. - A study published by the Foundation of the American Subcontractors Association (FASA) concludes that the practice of retainage, widespread in the construction industry, "reduces ...

Retainage is not a word found in standard dictionaries. It is a concept peculiar to the construction industry. Try to purchase an airplane ticket and hold back 10 percent until the pilot gets you ...

Armed with stories of having to wait months or even years to be paid in full, or having millions of dollars’ worth of payments in limbo, Minnesota subcontractors are taking their battle for “retainage ...

Reacting to industry problems and concerns, lawmakers around the country are enacting retainage reform. While some argue that the government should not get involved in private contractual matters, the ...

The Financial Accounting Standards Board released a staff educational paper Tuesday to answer questions about how to apply its revenue recognition standard to presentation and disclosures to ...

Owner and Chief Engineer at Entech Innovative Engineering, creating specialty engineering projects for theme parks, museums and contractors. To continue reading this ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the world of construction, retainage is a portion of ...

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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...