Problems

What will AGI do for Progress Payment Retainage Float?

Commercial construction contracts universally withhold five to ten percent of every progress payment until a project reaches final completion. Specialty contractors and sub-trades bear the brunt of this retainage, effectively financing the project's final stages out of their own working capital. Because profit margins in construction often hover around the exact percentage held back, contractors operate cash-negative on a project until the final check clears months or years later.