retainage

One can structure retainage arrangements in any number of ways.

The retainage amount above is included in the accrual for services number shown below.

Currently the project is using the retainage from the Mobley contract to fund this work.

The contract does allow for the equipment to be paid off (except retainage) to facilitate the assignment.

Subject to state statutory requirements, 10% is the retainage amount most often used by contracting parties.

Several alternatives exist to standard retainage provisions that provide the same benefits and protections.

We have not included any future severance or retainage payments as we discussed.

The project that go inservice for 2004, I assumed no impact to fuel based on usage versus retainage.

I think that Pipeline Operations can handle the scheduling of third party fuel retainage.

Coupled with a contingent payment clause, the retainage can cause significant financial distress to a subcontractor.

Accordingly, a common approach contracting parties take in order to mitigate this risk is to include retainage provisions within their agreements.

Retainage is generally due to the contractor or subcontractor once his work is substantially complete.

If there is to be retainage on the construction project, it is set forth in the construction contract.

Ben, At first pass I think that this will probably work as long as some one promises to pay the retainage (10%).

The practice of retainage dates back to the construction of the United Kingdom railway system in the 1840s.

Mike: The retainage will be an obligation of the LLC.

He's re-trading on the retainage.

Subcontractors tend to bear the brunt of retainage provisions, especially subcontractors performing work early on in the construction process.

GE posts an LOC in lieu of retainage.

Columbia Gas Transmission will calculate retainage at the applicable retainage factors.

These payments are being funded from retainage, or payments withheld from the GMP contract.

In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage".

Kay, Do the retainage LOC's flow from the receipt of funds letter, or do we need to tee up those separately?

The pier is a single story gable timber structure that rests partially on concrete retainage but mostly on pier foundations on the bay.

In a trust account, retainage is withheld by the owner, placed in a trust account with a trustee that has a fiduciary relationship to the contractor.