Common use of Retention Clause in Contracts

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor may substitute retention money with an “on demand” Bank guarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor Contractor may substitute retention money with an “on demand” Bank guarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor may substitute retention money (balance half) with an “on demand” Bank guarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor Contractor may substitute retention money (balance half) with an “on demand” Bank guarantee.

Retention. 48.1 48.1. The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 48.2. On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 48.3. On completion of the whole works, the contractor may substitute retention money with an “on demand” Bank guarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor may substitute retention money money(balance half) with an “on demand” Bank guarantee.

Retention. 48.1 The Employer employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion completion of the whole of the Works works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor may substitute retention money with an “on demand” Bank guaranteeGuarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works.the 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, under capital cost indicated in the Activity Schedule the contractor may substitute retention money (balance half) with an “on demand” Bank guarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor may substitute retention money (balance half) with an “on demand” Bank guarantee. ▇▇▇.▇▇/W-2

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 48.2. On Completion of the whole of the Works works half the total amount retained is repaid to the Contractor contractor and half when the Defects Liability Period defects liability period has passed and the Engineer has certified that all Defects defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 48.3. On completion of the whole works, the contractor may substitute retention money with an “"on demand” " Bank guarantee.

Retention. 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. 48.3 On completion of the whole works, the contractor may substitute retention money (balance half) with an “on demand” ―on demand‖ Bank guarantee.

Retention. 48.1 Deleted 48.2.1 Deleted 48.3 Deleted 48.1 The Employer shall retain from each payment due to the Contractor the proportion stated in the Contract Data until Completion of the whole of the Works. 48.2 On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Defects Liability after contract Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end works completed as per specification of this period have been correctedcontract document. 48.3 On completion of the whole works, the contractor may substitute retention money with an “"on demand” " Bank guarantee.