Remember to book construction retainages

On construction projects, there’s typically a retention held back from the contractor until the project is complete.  Scott Moglia at Nonprofit GPS has a reminder in Don’ Forget about your Retainages:

Remember to pick up the liability for retainage on construction projects.

When I read his post, I pondered a moment and realized that if all of my clients were  a baseball team, the lifetime team batting average for booking that liability when it exists is about 0.000.

Remember to look for, and record, retainages.

Read the full, short article.

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