The AGC of America Specialty Contractors Council (SCC) has released a two-page "Best Practices Guidance for Retainage" document. Developed by the SCC Executive Committee with input from the more than 1,000 AGC specialty contractor members who responded to an AGC retainage survey in late 2008, this resource is intended to provide guidance to specialty contractors who face cash-flow issues related to retainage.
The guidance document is available here. Additional resources include a summary of the AGC retention survey results and the AGC-ASA-ASC Guideline on Retainage from the Guidelines for a Successful Construction Project. The Guidelines for a Successful Construction Project is a joint effort of AGC of America, the American Subcontractors Association (ASA) and the Associated Specialty Contractors (ASC).
For more information, contact Mike Stark at (703) 837-5365 or starkm@agc.org.
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