What do subcontractors often wait for after completing their work on a project?

Subcontractors typically wait for the final 10% retention after completing their work on a project. This retention is a standard practice in the construction industry, intended to ensure that all work is completed satisfactorily and that any issues or deficiencies are addressed before the final payment is released.

The retention amount is often withheld by the principal contractor until the end of the project or until all contractual obligations are fulfilled, which helps protect the contractor’s interests. This payment structure encourages subcontractors to maintain high standards of workmanship and to rectify any problems that may arise during the project's completion. Furthermore, once the project is signed off and deemed complete by the owner or general contractor, subcontractors can then receive the withheld retention, thus securing full payment for their services.