What is another word for retainage?
Pronunciation: [ɹɪtˈe͡ɪnɪd͡ʒ] (IPA) 
Retainage is a term commonly used in construction that refers to the practice of withholding a portion of a contract payment until the project is complete. This helps ensure that the contractor or subcontractor performs as expected and completes the work to a satisfactory level. Synonyms for retainage include "retention," "holdback," "withholdings," "deductions," and "escrow." These words are all related to the idea of keeping a certain amount of money in reserve until a certain condition is met. Whether you are a contractor, subcontractor, or client, it is important to understand the various synonyms for retainage so that you can navigate construction contracts with confidence.
