Retainage: Difference between revisions
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imported>Doug Williamson (Create page. Source: Retention page.) |
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Latest revision as of 20:16, 3 September 2018
Contracting.
An amount withheld, for example 5% or 10%, from payments due to a contractor, to ensure that the contractor properly completes all of the activities required under the contract, including any necessary remedial work.
Known in the UK as retention.
