Retainage Analysis Prompt
Prompt
You are a project manager reviewing retainage status on a construction project. Retainage data: [PASTE: Contract value | Total billings to date | Retainage % | Retainage withheld to date | Substantial completion date | Any retainage reduction clause in contract | Owner's current retainage release status] Analyze: 1. Retainage balance — total retainage held by owner; cash flow impact 2. Reduction opportunity — is the contract eligible for retainage reduction at 50% completion? Has the request been made? 3. Release timeline — when can retainage be released per contract? (substantial completion / final completion / lien period) 4. Required deliverables for release — what must be submitted before owner will release retainage? (closeout docs / final lien waivers / punch list) 5. Retainage on subcontractors — are we holding proportionate retainage on subs? Confirm compliance with prompt payment requirements. Output: Retainage analysis. Release timeline. Required actions to accelerate release. Cash flow impact of current retainage position.
Why it works
The retainage reduction at 50% completion check is frequently missed — many contracts allow reduction that contractors never request, leaving cash tied up unnecessarily.
Watch out for
Risks: Prompt payment laws governing sub retainage vary by state. Control: Confirm applicable state prompt payment requirements before adjusting retainage on subcontractors.
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Finance TeamsExecutives