1. 
2. Note that the project will be completed in six months.
3. There is a two-month time lag in the schedule of monthly payment from the owner to the general contractor.
4. The owner hold 12% of monthly payment as retention money, but the general contractor cannot hold any retention from subcontract payment.
5. Retention will be released over three months in equal amount (one third per month) after the completion of job.
6. Monthly subcontract cost is 90% of value per month.
7. There is a one-month time lag in the schedule of monthly payment from the general contractor to the subcontractors.

1 2 3 4 5 6 7 8 9 Month Value Per Month 10,000 14,500 16,000 18,000 15,000 12,000 Cumulative Value Cumulative Value Less Retention (12) Cumulative Payment Received From Certification Cumulative Retention Payment Cumulative Subcontract Cost Cumulative Subcontract Payment Cumulative Cash-out Cumulative Cash Flow . 1 2 3 4 5 6 7 8 9 Month Value Per Month 10,000 14,500 16,000 18,000 15,000 12,000 Cumulative Value Cumulative Value Less Retention (12) Cumulative Payment Received From Certification Cumulative Retention Payment Cumulative Subcontract Cost Cumulative Subcontract Payment Cumulative Cash-out Cumulative Cash Flow