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Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1]
It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. [2] A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3]
Money within the retainer is often used to "buy" a certain amount of work. Some contracts provide that when the money from the retainer is gone, the fee is renegotiated. This is to be differentiated between a retainer in Commonwealth states, where a retainer is the contract that is initially signed by a client to engage a lawyer.
Retainer sacrifice, the sacrifice of a human servant; Retainer medicine, a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer; Retention (disambiguation) All pages with titles beginning with Retainer ; All pages with titles containing Retainer
A contingent fee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result. Although such a fee may be used in many fields, it is particularly well associated with legal practice.
Concierge medicine, also known as retainer medicine, is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. In exchange for the retainer, doctors agree to provide enhanced care, including commitments to ensure adequate time and availability for each patient.
Architectural management falls into two distinct parts, office management and project management (Brunton et al., 1964; Emmitt, 1999a & 1999b). Office management provides an overall framework within which individual projects are commissioned, designed and completed.
Architect of record is the architect or architecture firm whose name appears on a building permit issued for a specific project on which that architect or firm performed services. [ 1 ] Issuance of building permits