Common use of Retention Money Clause in Contracts

Retention Money. The percentage retention on the amounts due to the Contractor is 10%. The limit of retention money is 5% of the Contract Price A guarantee in lieu of “retention money” is not permitted.

Retention Money. The percentage retention on the amounts due to the Contractor is 10%% (ten percent). The limit of retention money is 510% of the Contract Price A guarantee in lieu Sum, including allowances for contingencies. This reduces to 5% upon the issue of “the Certificate of Completion. The remaining 5% retention money” is will be released upon the issue of the Final - Approval Certificate upon lapse of the defects liability period. Security plus Retention amount will not permitted.exceed 15% of the Contract Sum

Retention Money. The percentage retention on the amounts due to the Contractor is 10%% (ten percent). The limit of retention money is 5% of the Contract Price A guarantee in lieu Sum, including allowances for contingencies. This reduces to 2.5% upon the issue of “the Certificate of Completion. The remaining 2.5% retention money” is will be released upon the issue of the Final - Approval Certificate upon lapse of the defects liability period. Security plus Retention amount will not permitted.exceed 15% of the Contract Sum

Retention Money. The percentage retention on the amounts due to the Contractor is 10%% (ten percent). The limit of retention money is 510% of the Contract Price A guarantee in lieu Sum, including allowances for contingencies. This reduces to 5% upon the issue of “the Certificate of Practical Completion. The remaining 5% retention money” is will be released upon the issue of the Final Completion upon lapse of the defects liability period. Retention amount will not permitted.exceed 10% of the Contract Sum