Common use of Retainage Amount Clause in Contracts

Retainage Amount. Unless CenturyLink notifies Supplier in writing that Retainage is required for a Project, there will not be Retainage. If CenturyLink does notify Supplier that there will be Retainage for a Project, the Retainage will be the lesser of ten percent (10%) of the Project, unless CenturyLink notifies Supplier of a different Retainage amount, or the highest amount allowable by law.

Retainage Amount. Unless CenturyLink notifies Supplier in writing that Retainage is required for a Project, there will not be Retainage. If CenturyLink does notify Supplier that there will be Retainage for a Project, the Retainage will be the lesser of ten percent (10%) of the Project, unless (or other Retainage amount if CenturyLink notifies Supplier of a different Retainage amountSupplier), or the highest amount allowable by law.