What Is Retention in Construction | What Do You Mean by Retention Money in Construction | What Is the Purpose of Retention Money
CivilJungle
DECEMBER 27, 2020
A possible alternative to retention is a retention bond, where the client agrees to pay the contractor the amount which would otherwise have been held as retention, but instead the retention amount a bond is provided to secure the amount that would have been retained. Retention money provides protection to the employer as per the contract.
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