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concept:retention [2020/01/10 00:12]
firstyear created 		concept:retention [2022/04/16 01:24] (current)
admin ↷ Page moved from retention to concept:retention
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 +====== Retention ======
 +
 +
 +==== Quick Overview ====
 A portion of a contract value withheld until all work has been completed.  Typically a contract will allow for 2%, 5%, or 10% retention.  The client will hold this final payment until the contractor has completed all work to the satisfaction of the client.  This ensures the contractor completes the entirety of the job. A portion of a contract value withheld until all work has been completed.  Typically a contract will allow for 2%, 5%, or 10% retention.  The client will hold this final payment until the contractor has completed all work to the satisfaction of the client.  This ensures the contractor completes the entirety of the job.
 +
 +==== More Info ====
 +
 +==== In Depth ====
 +
 +

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