RETAINED PERCENTAGE. 54.1. As further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion of the Work, a percentage of the value of Work certified for payment in each partial payment voucher. The percentage to be retained is set forth in Schedule A.
Appears in 5 contracts
Samples: Furnish and Install Agreement, Furnish and Install Agreement, Furnish and Install Agreement
RETAINED PERCENTAGE. 54.1. As further security for the faithful performance of this Contract, the The Commissioner shall may deduct, and retain until the substantial completion of the Work, a percentage up to ten (10%) percent of the value of Work certified for payment in each partial payment voucher. The percentage to be retained is set forth in Schedule A.
Appears in 2 contracts
Samples: Furnish and Install Agreement, Furnish and Install Agreement
RETAINED PERCENTAGE. 54.1. As further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion Final Acceptance of the Work, a percentage of the value of Work certified for payment in each partial payment voucher. The percentage to be retained is set forth in Schedule A.
Appears in 1 contract
Samples: Furnish and Install Agreement
