What Does Retention Mean In Construction at Zoe Holland blog

What Does Retention Mean In Construction. Contract retention acts as a warranty for property owners. In construction, contract retention (or retainage) is a percentage of a contractor’s fee that’s held until they finish a project. This is a very unique practice. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction project. It is usually used in. Retention is used in construction contracts because it provides a measure of protection for both parties involved in the contract. This guidance note introduces the subject by looking at the general principles of retention, including areas such as law; What is retention in construction? Retention is the name given to the money the employer retains from interim payments as security for the future.

What Is A Retaining Wall?
from wonderfulengineering.com

In construction, contract retention (or retainage) is a percentage of a contractor’s fee that’s held until they finish a project. Retention is used in construction contracts because it provides a measure of protection for both parties involved in the contract. Retention is the name given to the money the employer retains from interim payments as security for the future. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction project. What is retention in construction? Contract retention acts as a warranty for property owners. It is usually used in. This guidance note introduces the subject by looking at the general principles of retention, including areas such as law; This is a very unique practice.

What Is A Retaining Wall?

What Does Retention Mean In Construction Contract retention acts as a warranty for property owners. Retention is used in construction contracts because it provides a measure of protection for both parties involved in the contract. Retainage, also called “retention,” is an amount of money “held back” from a contractor or subcontractor during the term of a construction project. Retention is the name given to the money the employer retains from interim payments as security for the future. It is usually used in. Contract retention acts as a warranty for property owners. What is retention in construction? In construction, contract retention (or retainage) is a percentage of a contractor’s fee that’s held until they finish a project. This is a very unique practice. This guidance note introduces the subject by looking at the general principles of retention, including areas such as law;

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