When should a general contractor withhold retainage and how much should be withheld?

Related Questions

• Why don’t lenders require retainage on all construction loans?
   - Commercial impracticality-it creates an administrative burden and usually, the borrower and contractor desire ...
• When can the public entity release retainage?
   - A. After the public entity has received approval to release retainage from Department of Revenue, Department ...
• Does the AZ DOT currently require retainage in traditional construction and or Design Build contracts?
   - No - The prime can hold retainage against the sub but ADOT doesn't hold retention any more.
• Should sales tax be included in the calculation of retainage for a public works project?
   - No. RCW 60.28.011 provides that there shall be reserved by the public body a percentage from the "moneys ...
• When can the public body release retainage?
   - A. In order to release retainage, the public body must first receive approval to release retainage from ...