Common use of Holdback Release Clause in Contracts

Holdback Release. Subject to the Provisions of the Construction Lien Act, Holdbacks shall become payable after 45 days from the date of advertisement of the substantial completion and the submission by the contractor of the following documents: 1. Statutory Declaration Re: Payment of Accounts.

Appears in 2 contracts

Sources: Contract for Road Resurfacing, Contract for Ditch Rehabilitation

Holdback Release. Subject to the Provisions of the Construction Lien Act, Act Holdbacks shall become payable after 45 days from the date of advertisement of the substantial completion and the submission by the contractor of the following documents: 1. Statutory Declaration Re: Payment of Accounts.

Appears in 1 contract

Sources: Contract Agreement