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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

The rate of retention is stipulated in the construction contract and can often be negotiated. Retention can be withheld on residential or commercial projects and on both public and private projects. Retention doesn’t usually apply to material suppliers. ABC Contractor is billing a project owner for $100,000 with 10% retention.

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COVER STORY: 2013 Business Facilities Rankings Report – Metro And Global Rankings

Buisness Facilities Contributed Content

Inspired by New Urbanism design principles, the complex will include an office building that will house the new IBM Services Center, as well as a separate, 11-story residential building with 95 river-view apartments and nine separate town homes. The BRAF-affiliated Wilbur Marvin Foundation (WMF) will own the office building.

Metro 110