Retainage Questions

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Under what circumstances may a contractor "appropriate" a subcontractor's retainage? If the Contractor can what is the process? The project is in Arizona. ...Read More
Anonymous Subcontractor
1 answerAdd commentSep 23, 2021
I need to know how to bid a 208 unit apartment complex labor only sub]-contractors job. It is for the installation and removal of appliances, hardwares, lighting fixtures and wall plates, painting, door handles, toilets, water and drain connectivity, air vents, and blinds. Can you please tell me what is accurate and acceptable as mid-west labor only cpsf or flat pricing, down payments, and legal necessities required?...Read More
Anonymous Contractor
1 answerAdd commentSep 2, 2021
MichiganConstruction ContractLien WaiversMechanics LienPay ApplicationsPreliminary NoticeRetainage
Have an initial contract stating that only 90 percent of invoices will be paid till the end . My question is . They have paid invoices in full to date and now admit their mistake and want to retro take from what has already been paid . Is that legal ?...Read More
Anonymous Contractor
1 answerAdd commentAug 30, 2021
Hello , in the 5th month of a project and now the company paying me wants to enact the 10 percent hold down at the end . All payments have been made in full up to this point , are they allowed to do that ?...Read More
Anonymous Contractor
2 answersAdd commentAug 30, 2021
FloridaConstruction ContractRetainage
When I bring up the subject of liening a job with a retainage balance only, the GC will often quote the contract, that states retainage will be paid once the GC has received payment from the owner. Can you offer me a good reply?...Read More
Anonymous Subcontractor
10 answersAdd commentAug 17, 2021
TexasMechanics LienRetainage
We finished a project (Monsaraz Inn) and we submitted the invoice for 10% retainage at May-2021. I was following with GC on the invoice and we were notified by email that they are negotiating with client and the work on the project was completed on June 23, 2021. We released the Notice of intent to lien by August 16. On August 20, we received a back charge for LD on this project by GC about $84k. I just wanted to add the following information: 1. No where in the Contract agreement is there any notice of Liquidated damages. And a cost which goes with it. 2. The Back Charge has no where indicted in the months and months of emails that we are causing a delay to the project. In addition, nowhere does it tell us we are being charged a delay cost for the day indicated with the exception of the Change order we just received. At this point, can we procced the Lien ? ...Read More
Anonymous Subcontractor
1 answerAdd commentAug 23, 2021
We are a small engineering firm that does not perform construction work or installation of materials. We were contracted to provide materials in accordance with someone else's design, perform an instructional visit to the job site to train the contractor to install the materials correctly, and finally to provide acceptance testing and approval of their installation. In our proposal we have language that prohibits the with holding of retainage if we did not install the materials, but our client with held the money anyway. Do we have any recourse and if so, what?...Read More
Anonymous Contractor
2 answersAdd commentAug 18, 2021
With everything going on these days I'd hit Financial hard times and I had asked a friend of mine if I could rent their RV. We Came Upon of an agreement that I could stay in their RV for $400 a month and 4 payment of that $400 a month I was too repair the RV it maintenance and upkeep to the RV and yard. Anyting over that $400 a month he would reimburse me for whether it be supplies materials or anything else needed to establish the upkeep and maintenance of the RV and yard. And now they are refusing to pay me for my labor and supply cost that I have had to put into the maintenance and upkeep to the RV and yard. And since I moved in to the RV March of 2021 I have put in approximately 8 to 10000 dollars into labor cost and materials and he is refusing 2 pay me the difference and is trying to say I owe him money for staying here in his RV is this something that I can file a contractor or mechanics lien on?...Read More
Anonymous Contractor
Waiting for answerAdd commentAug 5, 2021
OklahomaConstruction ContractLien WaiversMechanics LienPay ApplicationsPayment DisputesPreliminary NoticeRetainageRight to Lien
Remodeler/Contractor to finish deck rails Owner buys all materials He wants $1000/day 2 skillled 1 semi-skilled, 1 go-fer He is stating that he feels the job will take 4 days and wants $2000 up front I feel like he should do some WORK before a draw of any kind If hes short on cash then close of day, but even that is short for the owner...what if he doesnt stick with the job and complete? Owner liability again and delays completion of project. ...Read More
Jody Roody
Waiting for answerAdd commentAug 4, 2021
North CarolinaCash FlowPay ApplicationsRetainage
We have stored materials and I'm trying to figure out if I withhold retention on the stored materials....Read More
Anonymous Contractor
2 answersAdd commentJul 29, 2021
We are 99.9% completed on a project everything with the exception of the landscaping. The retention was reduced to 5% a few months ago but they are refusing to reduce to at least 2 1/2% until fully completed. The amount of work is equal to about 10,000 and they are holding 180,000 in retention. Some of the subcontractors have been completed for over 10 months. What does the law state about this?...Read More
Anonymous Contractor
1 answerAdd commentJul 30, 2021
I didn't get a copy of the report indicating that my Lien has been finalized for my records, now that payment has been rendered? I need a copy to prove it’s been finalized through the county. I don't know if this is correct or not, but I just learned that it could effect me, if I don’t provide proof that the account has been closed. ...Read More
Anonymous Subcontractor
Waiting for answerAdd commentAug 1, 2021
I am working for a construction company and I am doing research on the states in the United States that accept retainage bonds. I know that not every state accepts Retainage bonds (for example, I know Tennessee doesn't while Washington does). Could you please provide a list of the states that do accept Retainage bonds? Thank you very much....Read More
Anonymous Contractor
1 answerAdd commentJul 26, 2021
WashingtonBond ClaimsRetainage
I saw your video, "What are construction fund statutes?" Can you tell me the States in which construction subcontract retainage is under statute held in trust, and not optional? I am a surety underwriter who will underwrite bonds in lieu of retainage. Bill Faust, Euler Hermes North America Ins. Co., 215-301-0465, More
Anonymous Contractor
Waiting for answerAdd commentJul 28, 2021