Eric Travers explains the art of negotiating retainage. While some may believe retainage is a necessary evil in the construction industry, Eric explains why retainage is not always necessary, and in some cases can be avoided, with some forethought and persistence. For far too long the construction industry has tolerated withholding retainage far in excess of current profit margins until well after work is satisfactorily performed. While retainage does have its benefits, in many respects, retainage has outlived its purpose. Learn more here.
