would retainage invoice be due in 30 days like process payments

1 month ago

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?

Senior Legal Associate Levelset
446 reviews

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.

 

Disclaimer: The information presented here is not legal advice and should not be construed as such. Rather, this content is provided for informational purposes. Do not act on this information as if it is advice. Further, this post does not create any attorney-client relationship. If you do need legal advice, seek the help of a local attorney.
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