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Meaning of retainage

 

 

 

Retainage

 

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Business project management glossary

 

Meaning of term retainage :

 

A part of payment withheld until the project is completed in order to ensure satisfactory performance completion of contract terms.

 

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Source : http://files.perevedem.ru/Glossaries/Project%20management/big-group%20(Business%20project%20management%20glossary).doc

 

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Retainage

 

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Meaning of term retainage

 

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