Construction Retainage: How to Regulate Detailed Guide
Construction businesses fail faster and more often than any other industry, as highlighted in the industry’s failure rates. Under the Federal Acquisition Regulation (FAR), a prime contractor may withhold payments from their sub pursuant to the contract between the parties. So, if the contract between them provides for retainage, they are allowed to do so under bookkeeping the …
Construction Retainage: How to Regulate Detailed Guide Read More »