Delayed Pay Estimate/ Retainage. If the Subcontractor fails to submit a timely request for payment in an amount approved by Contractor, Subcontractor's payment may be delayed. Contractor shall have the right to withhold from any payment the percentage of retention set forth in the General Contract between Contractor and the Owner, but in no case less than five percent of all amounts due Subcontractor until the project is fully completed and accepted by the architect or Owner, and Contractor has received final payment from the Owner.
Appears in 4 contracts
Samples: XXXXX Subcontract Agreement, 716xx Subcontract Agreement, XXXXX Subcontract Agreement
