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would retainage invoice be due in 30 days like process payments

New YorkPrompt PaymentRetainage

I made monthly process payments that are due in 30 days, retainage is the finial payment. Is that due in 30 days like all the other payments?

1 reply

Jul 17, 2020
Much like progress payments, New York retainage payments must be made within 30 days after the final approval of the work. Levelset discusses New York retainage in great detail, here: New York Retainage Guide and FAQs.  
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