Retention: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages and Designing buildings wiki https://www.designingbuildings.co.uk/wiki/Retention_in_construction_contracts) |
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Revision as of 20:14, 3 September 2018
1. 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 US as retainage.
2.
A contractual delay in the passing of an ownership interest, for example retention of title.
3. Dividend policy.
Amounts of profits held within a business for future growth, rather than being distributed as dividends.
4. Staffing.
A measure of the extent to which staff remain employed for the longer term, rather than leaving to take other employments.
The inverse of staff turnover.