Maintenance Security. Notwithstanding the requirements of the Construction Act or the provisions of Section GC 8.02 of the General Conditions of Contract, a maintenance security in the amount of two percent (2%) will be retained by the Owner in addition to the Lien Holdback. At the end of the maintenance period, the security will be released, reduced or retained depending on the status of the repair of the deficiencies. This maintenance security will be in addition to any other holdbacks retained. No interest on monies held back by the Owner will be paid to the Contractor.
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