Define Retention Fund In Construction at danielwortego blog

Define Retention Fund In Construction. Retainage — or retention or holdback — is a common practice in the construction industry. retention money is described as the sum of money held by the employer as a safeguard.

What is a retention pond? Colonial Construction Materials
from colonial-materials.com

retention money, also known as “retention”, is a common practice in the construction industry where a certain percentage of the.retention payments (also called retainage) are the amount of money held back until the project is complete. retention money in construction, or the retention amount meaning, is described as the sum of money held by the.

What is a retention pond? Colonial Construction Materials

Define Retention Fund In Constructionretention payments (also called retainage) are the amount of money held back until the project is complete.retention in construction is a financial security usually held by the principal against the head contractor and by the head contractor against subcontractors. what is retainage? retention money, also known as “retention”, is a common practice in the construction industry where a certain percentage of the.