RA 9184

29 Aug 2020

Rules on Retention Money

[ad_1] Rules on Retention Money Are there instances where Retention money is no longer withheld in case of Procurement of Goods and/or Services? What retention rate should be used in case of consumable goods? In case of nonconsumable goods? Where the warranty period had not yet elapsed, but the Supplier requests for the payment of retention money, what security may be required from the Supplier in lieu of the payment of Retention Money prior to the expiration of the warranty period? [ad_2] Source Post Views: 811

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