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retention [2020/04/09 18:56]
admin
retention [2020/04/09 18:57] (current)
admin
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 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 ======+==== More Info ====
  
-====== In Depth ======+==== In Depth ====
  
  
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