Cash-flow review
Retainage ask language for the GC.
Retainage is supposed to protect completion. In a subcontract, it can become a long-term cash drain after your scope is already done.
Retainage
Can we tie retainage release to acceptance of our millwork scope instead of final completion of the entire project, with any holdback limited to specific disputed items?
Retainage will be released only after final completion of the Project and final payment by Owner.
Retainage for Subcontractor's scope will be released within a fixed period after Subcontractor's substantial completion and completion of its punch list.
Ask counsel to review if retainage is tied to project closeout, can be offset across jobs, or is larger than the upstream retainage for your scope.
Generate from the document
MillworkShield can tailor this ask to the actual contract wording.
Upload the subcontract, mark this issue Fight, and copy the GC-ready response.