What is retainage in construction?
Retainage is the 5% or 10% of each progress payment held back until a job is finished. Here is how it is calculated, a worked pay app example, why it hits contractor cash flow, and the mistakes that leave money on the table.
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- ProNovos Partners with Pine Services Group to Extend Early Payment Options to Construction SubcontractorsAugust 5, 2026
- Congratulations to Our Partners: Accounting Today’s 2026 Top 100 FirmsApril 1, 2026
- Mid–Senior Level Account Executive Job OpeningMay 29, 2025
We Heard It From the CPAs: Their Honest Take on AI
We asked construction CPAs from Accounting Today’s 2026 Top 100 where AI is genuinely working for their contractor clients. They converged on five points: AI lands first in the back office (AP, invoices, reporting), false confidence is the real risk, AI accelerates analysis but never decides, data quality is the gate, and the fix is unglamorous: timely closes and clean job-cost coding.
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What We Heard at the Second Annual Construction Intelligence Summit
Contractors and CPAs spent a day in Indianapolis working through what AI actually does in construction finance right now, and what has to be true about your books first.
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Construction KPIs: The Metrics That Keep a Job Moving
Construction KPIs are the metrics a contractor uses to track whether each job and the business are making money, holding cash, staying on schedule, and staying safe. They fall into four groups: financial, project, safety, and schedule and quality. Financial KPIs like percentage complete, over/underbilling, projected final cost, and days in accounts receivable most directly decide profit and cash flow.
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AI for Contractors: What Questions to Ask AI Vendors Before You Buy
Before you buy an AI tool for your construction business, ask the hard questions first. We touched on a few of the questions contractors should ask during our September 9 webinar on AI for cash flow, WIP, and job costing: how a vendor secures your data, whether it connects to your ERP, whether it shows its sources, and more.
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How Should Contractors Use AI to Get Better Answers?
Contractors get better answers from AI by asking precise questions: name the project, the metric, the timeframe, and the decision you are making. A vague prompt like "how's the job doing?" returns a vague reply; a specific one returns a real number. It also helps to keep your data clean and use AI that connects to your live financials.
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How to Get Your Construction Line of Credit Increased: What Banks Actually Ask For
You have the backlog and the crews, but your banker still says no. The difference between contractors who get a line of credit increase and those who don't comes down to what they submit.
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To Build or Not to Build: A Question I Didn't Expect to Find at the Globe
Standing in front of Shakespeare's Globe, Hamlet's most famous question turned into a software question: build your own AI financial tool, or buy one that already understands construction finance?
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Top Construction Accounting Software Options for Contractors
Construction accounting software helps contractors manage job costing, cash flow, payroll, and profitability across projects. Popular options include Acumatica, CMiC, COINS, ComputerEase, Foundation, Jonas Premier, QuickBooks, Sage 100 Contractor, Sage 300 CRE, Sage Intacct, Spectrum, and Vista. The best fit depends on company size, workflows, and growth goals.
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