- retainage
- The portion of the payment due to a contractor or equipment builder that is withheld until final inspection and acceptance of the work.Also called a holdback. American Banker Glossary
Financial and business terms. 2012.
retainage
Look at other dictionaries:
retainage — re·tain·age /ri tā nij/ n: a percentage of a contract price retained from a contractor as assurance that subcontractors will be paid and that the job will be completed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Punch list — is generally a list of tasks or to do items. In U.S. construction industry, a punchlist is the name of a contract document used in the architecture and building trades in the United States to organize the completion of a construction project. In… … Wikipedia
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holdback — See retainage … Financial and business terms
