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单词 retainage
释义

retainage


retainage

A sum withheld from progress payments to the contractor in accordance with the terms of the owner-contractor agreement.

retainage


Retainage

The 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.

retainage

Money 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.

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更新时间:2024/12/23 8:04:36