Common use of Hold Back Clause in Contracts

Hold Back. The Contractor may hold back an amount not to exceed five percent (5%) of the gross amount earned by the Dependent Contractor in the first sixty (60) days of employment. Upon completion of employment, satisfactory proof must be furnished to the Contractor that all indebtedness and/or obligations incurred by the Dependent Contractor in connection with the project on which they are engaged have been discharged. Such hold back will be paid within twenty (20) days of the required proof being given.

Appears in 4 contracts

Samples: Union Local 213 Standard Agreement, Union Local 213 Standard Agreement, assets.clra-bc.com

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