Article Date: 01/31/11

EDITOR'S NOTES | Issue 9-5

Contract retainage is so customary in the construction industry that parties sometimes forget it is consensual, a matter of contract. There may be statutory mandates for certain retainage on some public works contracts. But generally, it is determined by the parties themselves. The retainage may be 10 percent or five percent; ... Log in to view the full text.

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