Common use of Payment Retention Clause in Contracts

Payment Retention. Al invoices properly submitted by SUBCONTRACTOR, inducing applicable waivers and releases, in accordance with this Master Agreement and applicable Work Order will be paid by PG&E ES within fifteen (15) days of receipt of such invoice, less a ten (-D%) retention ("Retention") (identified by SUBCONTRACTOR in each invoice). unless an invoice contains a disputed amount, whereupon PC&E ES shall make a partial payment to SUBCONTRACTOR for the undisputed amount, minus the Retention, and PG&E ES shall withhold the disputed amount until the dispute is resolved by the Parties. Except for Retention amounts expended by PG&E ES to correct SUBCONTRACTOR's defective work or to complete the Work not completed by SUBCONTRACTOR, the -'Il Retention amount shall be paid to SUBCONTRACTOR a te time of the Work Order final payment.