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Should a contractor hold retainage when the job was 100% completed?

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I work for a paving contractor who recently completed a job for another contractor who is requiring 5% retainage.  I understand this in other jobs that were progress billing.  But this job was completed in one day and the contractor is still requiring 5% retainage.  I am not sure as to why.  In my previous job positions, retainage was never held if the job was completed and the contract amount was billed at one time.  Thank you in advance for your help.
asked 4 months ago by anonymous

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