If we have received payment for everything but retainage, do we still keep the lien in place? In our business, it is not abnormal to receive retainage months after finishing our scope of work, but our client is asking us to lift the lien now…..
We sent a lien to our client which prompted payment for everything but retainage. They want us to lift that lien, but I don’t want to if we then cannot force payment for retainage. It is very common for us to receive retainage months after we have completed our scope of work, so I’m not sure the best way to proceed.