Common use of Retention Money Clause in Contracts

Retention Money. (i) From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.1 From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.517.5, the Authority shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.1 From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.1 From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority Employer shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.1 From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority Employer shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “"Retention Money”") subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.2 From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.1 From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject Money”)subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per cent) thereof as e- Bank guarantee money for performance of the obligations of the Contractor during the Construction Period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.

Retention Money. (i) 7.5.1 From every payment for Works works due to the Contractor contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per centSix percent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period construction period (the “Retention Money”) subject to the condition that the maximum amount of Retention Money shall not be exceed 5% (five per centFive percent) of the Contract Pricecontract price.

Retention Money. (i) From every payment for Works due to the Contractor in accordance with the provisions of Clause 19.5, the Authority shall deduct 6% (six per cent) thereof as guarantee money for performance of the obligations of the Contractor during the Construction Period (the “"Retention Money”") subject to the condition that the maximum amount of Retention Money shall not exceed 5% (five per cent) of the Contract Price.