Common use of Construction Retainage Clause in Contracts

Construction Retainage. An amount equal to five percent (5%) of the Maximum Amount of Advances shall be retained by the Board. Such Retainage shall be disbursed upon completion of the construction, equipping and furnishing of the Improvements, provided:

Appears in 18 contracts

Samples: Capital Improvements Agreement, Capital Improvements Agreement, Capital Improvements Agreement

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