Anyone who has worked in construction knows delays and disputes are sometimes inevitable, and part of the job. Stalls, change orders, claims, or bad weather may cause delays which drag on farther than anyone planned. The quiet killer? As long as the project stays open, your retainage remains withheld, and the job that was supposed to release your money in a month could take years.
Instead, if you decide to replace the withheld cash with an equivalent security, your retainage begins to earn interest. This money continues to work for you, no matter how long the dispute is. You finish the job the same way, but your retainage earns you additional income instead of losing time value of money.
Double Diamond has spent over 30 years helping public sector contractors make money from retainage, even when government projects do not go according to plan. If delayed retainage is draining your business, call us at 877 420 2852, or click here to learn more.
