Retainage

Retainage is a percentage of a contract payment withheld by the client until the project is substantially complete and all contractual obligations are fulfilled.

Retainage provides an incentive for contractors to complete the work satisfactorily and ensures funds are available to address any defects or incomplete work.

Projul was built by a former general contractor who dealt with retainage on real job sites. Over 5,000 contractors use Projul to run their businesses more efficiently.