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What does this mean Project Retainage Percentage

ColoradoConstruction ContractMechanics LienRetainage

Im a contractor tryinh to lien a property where he has not paid the full balance.

1 reply

Feb 19, 2020
Generally, the term "Project Retainage Percentage" will refer to the percentage of the contract price that's withheld from progress payments as "retainage" (also called "withholding" or "holdback") to be paid at a later date. But, not all jobs will have retainage. So, if your customer isn't withholding some amount of payment until completion, then that job would generally not be subject to retainage. For more information on filing a Colorado mechanics lien, these resources should help: - How to File A Colorado Mechanics Lien – Step By Step Guide To Get You Paid - Colorado Mechanics Lien Guide and FAQs
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