06-14-2011, 07:08 PM
I agree and also to add that, retention money is the amount of the money to be held for sake of any claims arising after completing or handing over the construction project. ( for 1 or more years)
So as per agreement, percentage is fixed for retention money and its approximately 2% or may be more of original contract price.
So as per agreement, percentage is fixed for retention money and its approximately 2% or may be more of original contract price.
