---
title: Do associations usually hold construction money until completion?
description: I am on the board of a condo association with 54 units in 8 buildings and a budget of ~$100,000. Our buildings were converted from townhome style apartments
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [Do associations usually hold construction money until completion?](https://www.condoassociation.com/blog/tabid/19257/bid/91249/Do-associations-usually-hold-construction-money-until-completion.aspx)

 Written by [stephen polinsky](https://www.condoassociation.com/blog/author/stephen-polinsky) | Thu, Oct 25, 2012 @ 11:18 AM

 I am on the board of a condo association with 54 units in 8 buildings and a budget of ~$100,000. Our buildings were converted from townhome style apartments. We are presently spending a great deal of money to repair and upgrade the property. In the past, we have been burned by lower quality work. Is it commonplace for Associations to hold a portion of the contracted fee back as retainer?

[View full post](https://www.condoassociation.com/blog/tabid/19257/bid/91249/Do-associations-usually-hold-construction-money-until-completion.aspx)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "stephen polinsky"
  },
  "dateModified" : "2015-02-05T10:18:11.005Z",
  "datePublished" : "2012-10-25T11:18:00Z",
  "headline" : "Do associations usually hold construction money until completion?",
  "image" : {
    "@type" : "ImageObject",
    "height" : 60,
    "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
    "width" : 60
  },
  "mainEntityOfPage" : "https://www.condoassociation.com/blog/tabid/19257/bid/91249/Do-associations-usually-hold-construction-money-until-completion.aspx",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://www.condoassociation.com/hubfs/Logos/CondoAsso-logo.png",
      "width" : 179.13875
    },
    "name" : "Condo Q&A"
  }
}
```