When To Release Retention Money?
Question: Good day. Ask ko lang po, pwede na po ba e release yung retention money sa contractor khit wla pa 1yr from the date of completion? Thanks! Answers | Comments Post Views: 1,564
Tag: Retention Money
How To Compute Retention Money For Infra Projects?
Question: Good day po.. help po. Paano po ang computation sa retention money for infrastructure projects? Answers | Comments Post Views: 1,149
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 …
What is Retention Money?
Progress payments are subject to retention of ten percent (10%) referred to as the “retention money.” Such retention shall be based on the total amount due to the contractor prior to any deduction and shall be retained from every progress …