I would look at getting the GC to get your retention released from the owner early in the project. There is usually this ability but as a 2nd tier sub that adds a layer of mess. We look at many opportunities to decrease retention as we move along the project to help out our subs. In your situation it may be best to negotiate upfront to not have any retention withheld. On low risk items such as labor only we frequently do not hold retention on these types of items. (For us they are usually a very small part of the project).
If our subs don't send a retention invoice we request one from them when we are ready to pay them. We don't pay out retention until we are paid due to cash flow and risk for them maybe having to comeback out for an items such as the punch list.
Rachel Meyer, CCIFP
Ph: (303)407-8693 Fx: (303)407-8691
Service Disabled Veteran Owned Small Business
6950 S. Tucson Way, Suite L
Centennial, CO 80112
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