How do you withhold and release retainage without releasing it before the lien waivers clear?
Scaftra withholds retainage per line on each pay application and releases it only through an explicit, operator-initiated release that is gated on lien-release clearance.
Start free→Retainage is the portion of each pay application the owner holds back, typically 5 to 10 percent, until the job finishes, as a guarantee the work gets completed. It accrues per line as billing progresses and is released later, but never before the lien waivers are in. When retainage is tracked in a spreadsheet, the held and released figures drift from the billing and releases happen at the wrong time.
Releasing retainage before the subs' lien waivers clear exposes the GC to double payment and a mechanics-lien claim. Retainage release is a deliberate financial action, not something that should fire automatically when a section turns over. Tracking the held and released amounts on each line, and gating release on lien clearance, is the contractor's protection.
Scaftra computes retainage per line on each pay application and stores retainage held to date and released to date on the schedule-of-values line. Release is an explicit, operator-initiated action, never auto-fired by turnover, and it is gated on lien-release clearance: required lien releases must be verified or waived before release is allowed. Closeout itself requires zero unreleased retainage, so a project cannot close with retainage still held. Retainage-offset settlements (for example, applying a backcharge against held retainage) cannot exceed the held amount. The money math is computed to exact cents with a named tolerance, never approximate. This is built and live.
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