释义 |
retainage
retainageA sum withheld from progress payments to the contractor in accordance with the terms of the owner-contractor agreement.retainage
RetainageThe amount that a construction company is owed but is not paid until a project is completed and passes muster with the client. Retainage is a form of quality control.retainageMoney withheld and not paid until completion of a project and inspection of the goods or services provided.Typically,10 percent of a construction contract price will be withheld until final inspection. |