A portion of payment held until punch-list items and final inspections are complete. Put the percentage in the contract.

How detailed should the punch list be?

Room-by-room with photos and due dates. Vague lists create endless walkthroughs.

When should final payment release?

After agreed punch items, lien waivers, and any required finals/CO. Do not pay on promises alone.

July 27, 2026 · Project Planning · 1 min read

Final payment without a punch process is how incomplete work becomes permanent. Tie retainage to a dated list.

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What is retainage?: A portion of payment held until punch-list items and final inspections are complete. Put the percentage in the contract.
How detailed should the punch list be?: Room-by-room with photos and due dates. Vague lists create endless walkthroughs.
When should final payment release?: After agreed punch items, lien waivers, and any required finals/CO. Do not pay on promises alone.