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Why I'm I paying a 5% fee for storage or retainage???

VirginiaRetainage

I'm the owner of a Church building PROJECT. Why I'm I paying a 5% fee on Stored Materials on my site????? Just trying to understand if this Contractor Fee is standard or even business class. Thanks for your help.

1 reply

Jun 17, 2020
In VA it will come down to the contract terms that will set the fee. 5% is not out of line with the norm though.
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