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What Is Retention in Construction | What Do You Mean by Retention Money in Construction | What Is the Purpose of Retention Money

CivilJungle

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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Construction Business Owner Blogs

Construction Business Owner

Product Spotlight. There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. Public Exposure and Liability on Construction Sites. foundation. foundation software. productivity. People Management. Green Building.

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Construction Business Owner Blogs

Construction Business Owner

Product Spotlight. So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. Today’s Cloud Security. People Management.

Security 120
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Construction Business Owner Blogs

Construction Business Owner

Product Spotlight. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. foundation. foundation software. productivity. People Management. Green Building. Construction Safety. Compliance/Regulations.

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Construction Business Owner Blogs

Construction Business Owner

Product Spotlight. Turn Construction Data into Business Answers » Data Security in the Cloud. People I’ve talked to say it’s because they’re unsure of the security surrounding their business data. Security is whatever the local IT department decides is adequate. Security in these environments is very tight.

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Construction Business Owner Blogs

Construction Business Owner

Product Spotlight. Silos: Great for Grain, Not so Great for Business » Choosing a Cloud Host: Data Security. One key issue to consider is data security. Onsite Hosting and Security. However, is your data really more secure at your business? It’s like a product warranty. People Management. Publications.

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Construction Business Owner Blogs

Construction Business Owner

Product Spotlight. Also, I realized that this analogy works like this, too: “The Sales People Are Determining Product Direction.” If programmers have their way, the product will never be released. On the flip side, salespeople would have product releases every month highlighting hundreds of new features. Green Building.