Retention is the percentage of progress payments that are withheld by a client to prevent breaches of contract and to ensure project completion and quality satisfaction. This is how retention works: First off, the percentage and terms of payment should… Read More
Tag: construction business owners
7 Habits of Successful Construction Business Owners (Infographic)
Successfully managing a construction company is not an easy feat. It is a multifaceted endeavor that requires not only knowledge of common business operations and practices, but also requires a great deal of agile thinking, perseverance, and hard work –… Read More