Recent Questions & Answers About National Retainage
General Contractor holding paymentsIm a subcontractor. We have been on a job since April. The last progress payment we recieved was in November. The job is 99% complete. We have a few minor items to touch up, We are waiting on the materials to come in from Mexico. The owner & GC are aware. The GC has been holding payments back from...
Wat is time limit on retainsge money. Wen can I demand my retsinsge fee from customerI am contractor. HVAC. Wen can I demand the retainage money. I have completed jobs
what is the regulation regarding retainage on actual materials purchased?In Florida, I read the private projects are not regulated for retainage practices. As such, we have only been withholding retainage on the actual labor portion. If we buy materials-not thru a sub-contract, we do not hold retainage as this is pass thru cost. Now we have a customer that is fighting...
Multiple questions about filing liens in ColoradoI have several invoices outstanding for project management I performed for a general contractor across multiples sites, so I'm working on filing a lien for the value of the time I spent working on each project against each corresponding property. Can I file two lines on one property? One would...
on a Design-Build contract, does retention apply to the Design phase (prof. services) or just the CONSTRUCTION phase?I'm managing a Design Build Public contract that allows for 5% retention. the work is set up in 2 phases, phase 1 is design with some early works/preconstruction and phase 2 is construction. I'd like to know if retainage can be withheld on the phase 1 (professional services/designer/architect) work...
Do we still have lien rights if the company undergoes a name change?Our previous company filed preliminary notices and retention billings for multiple contracts last year. However, as of January 2023, our company completed a name change. Do we still have legal rights regarding the preliminary notices filed under our previous company if the retention was also filed...