The article “With Retainage Mandate Gone, A-Es Look Forward to Payday” seems to suggest that retainage on federal contracts is no longer an issue. While the new rule is a step in the right direction by making retainage “optional,” the fact is that federal contracting officers still may resort to this practice at whim. div id="articleExtrasA" div id="articleExtrasB" div id="articleExtras" The rule states, “The contracting officer can withhold up to 10% of the payment due in any billing period, when the contracting officer determines that such a withholding is necessary to protect the Government’s interest.” We would like to see
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.