✏️Prompts

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.

Used by

Finance TeamsExecutives