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Field glossary

Retainage

A percentage, often 5 to 10 percent, held back from progress payments until project closeout

Used across 4 Anvilfield field guides, most in Plumbing.

Also defined as

  • HVAC: The percentage of payment the owner withholds, often 5 to 10 percent, until completion and closeout conditions are met
  • Datacenter: A percentage, commonly 5 to 10, held back from each payment and released at closeout, also called retention

Where this shows up

HVACCloseout and warranty managementDatacenterSubcontractor managementPlumbingCash flow and forecasting field guidePlumbingAR and collections field guide

Related terms

Lien waiver2/10 net 30COIEMRMechanics lienPreliminary noticePrequalificationPunch list

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