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One can structure retainage arrangements in any number of ways. Subject to state statutory requirements, 10% is the retainage amount most often used by contracting parties. Another approach is to start off with a 10% retainage and to reduce it to 5% once the project is 50% complete. [22]
In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.
This page was last edited on 10 March 2020, at 11:32 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
An Oregon man was arrested and charged Thursday for the murder of a car dealership owner who disappeared three years ago, police said Monday. Murphy Henry, 54, was also charged with abuse of a ...
During the “creaming” process of mixing, butter, sugar, and eggs are beaten together to aerate dough, which helps to keep your cookies from becoming too dense.
Within the branch of materials science known as material failure theory, the Goodman relation (also called a Goodman diagram, a Goodman-Haigh diagram, a Haigh diagram or a Haigh-Soderberg diagram) is an equation used to quantify the interaction of mean and alternating stresses on the fatigue life of a material. [1]
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