What is the purpose of retainage?

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Construction Management

ISBN: 9781119256809

5th Edition

Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko

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Question Posted: Feb 17, 2024 04:00 AM

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What is the purpose of retainage?

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ANSWER Retainage also known as retention is a common practice in construction contracts and refers to a portion of a contractors payment that is inten...View the full answer

Construction Management

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