10/29/2022
Keeping finances equally leveraged between client and contractor is critical in maintaining a healthy, productive working relationship. Contractors need to keep up with construction costs while clients need to feel like the work is keeping up with the payments made. As a project nears completion, there are often many details that have been overlooked and end up on a punch list to be completed by subcontractors looking to move on to the next job. Holding a retainer will keep their attention on your project until their work scope is finalized and you are satisfied with the work.