Definition of "retainage"
  1. It's the portion of a contract amount held back from a contractor to ensure that all sub-contractors are paid and the project is finished
How to use "retainage" in a sentence
  1. The contractor was worried about the high retainage as it impacted their cash flow.
  2. The retainage was released to the contractor after all subcontractors confirmed that they were paid in full.
  3. To ensure the successful completion of the project, the client set a retainage clause in the contract.

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