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The Unwilling Banker: The Hidden Cost of Retainage
Manage episode 414011491 series 3314227
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Retainage. If you deal with it, is that job holding your company back? Are you being the bank for your job owner? Does it stunt your cashflow and growth? What can you do about it? Find out on this week's episode.
Topics we cover in this episode include:
- What is retainage?
- Retainage can sunt your company's growth if you don't bid jobs properly
- A retainage case study
- Retainage can cause problems when you're in growth mode
- Many contractors do not account for retanage properly
- How to mitigate or reduce retainage
- Negotiating retainage with owners or general contractors
LINKS
Visit the episode page at https://carpentercpas.com/retainage for more details and a transcript of the show.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
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