Common use of Retention monies Clause in Contracts

Retention monies. The percentage to be retained from each progress payment and the limit of the total sums retained shall be in accordance with the following: (select one to apply, (a) or (b))

Appears in 3 contracts

Sources: Nzs3910:2013 Conditions of Contract for Building and Civil Engineering Construction, Nzs3910:2013 Conditions of Contract for Building and Civil Engineering Construction, Contract Agreement

Retention monies. The percentage to be retained from each progress payment and the limit of the total sums retained shall be in accordance with the following: (select one to apply, (a) or (b)):

Appears in 1 contract

Sources: Major Works Contract