Common use of Retention of Final Payment Clause in Contracts

Retention of Final Payment. An amount of [WRITTEN DOLLAR AMOUNT] [$NUMBER AMOUNT], representing [WRITTEN NUMBER] percent [NUMBER %] of the maximum total compensation payable under this Contract, shall be withheld by the Institution until [WRITTEN NUMBER] [NUMBER] days after final completion of the services to be performed by the Contractor under this Contract.[THIS MAY BE DELETED IF NOT APPLICABLE]

Retention of Final Payment. An amount of [WRITTEN DOLLAR AMOUNT] ($[$NUMBER AMOUNT]), representing [WRITTEN NUMBER] percent ([NUMBER NUMBER] %] ) of the maximum total compensation payable under this Contract, shall be withheld by the Institution University until [WRITTEN NUMBER] ([NUMBER] ]) days after final completion of the services to be performed by the Contractor under this Contract.[THIS Contract. [THIS MAY BE DELETED IF NOT APPLICABLE]

Retention of Final Payment. [THIS MAY BE DELETED IF NOT APPLICABLE; IF DELETED, INSERT “Intentionally Omitted”.] An amount of [WRITTEN DOLLAR AMOUNT] ([$NUMBER AMOUNT]), representing [WRITTEN NUMBER] percent ([NUMBER %] ]) of the maximum total compensation payable under this Contract, shall be withheld by the Institution until [WRITTEN NUMBER] [NUMBER] days after final completion of the services to be performed by the Contractor under this Contract.[THIS MAY BE DELETED IF NOT APPLICABLE]Contract.

Retention of Final Payment. An amount of [WRITTEN DOLLAR AMOUNT] [$NUMBER AMOUNT], representing [WRITTEN NUMBER] percent [NUMBER %] of the maximum total compensation payable under this Contract, shall be withheld by the Institution until [WRITTEN NUMBER] [NUMBER] days after final completion of the goods and/or services to be performed by the Contractor under this Contract.[THIS MAY BE DELETED IF NOT APPLICABLE]

Retention of Final Payment. An amount of [ENTER WRITTEN DOLLAR AMOUNT] [$NUMBER AMOUNT]AMOUNT $ , representing [ENTER WRITTEN NUMBER] PERCENTAGE percent [NUMBER %] % of the maximum total compensation payable under this Contract, shall be withheld by the Institution until [WRITTEN NUMBER] [NUMBER] days after final completion of the services to be performed by the Contractor under this Contract.[THIS MAY BE DELETED IF NOT APPLICABLE]Contract.

Retention of Final Payment. [THIS MAY BE DELETED IF NOT APPLICABLE] An amount of [WRITTEN DOLLAR AMOUNT] ([$NUMBER AMOUNT]), representing [WRITTEN NUMBER] percent ([NUMBER %] ]) of the maximum total compensation payable under this Contract, shall be withheld by the Institution until [WRITTEN NUMBER] [NUMBER] days after final completion of the services to be performed by the Contractor under this Contract.[THIS MAY BE DELETED IF NOT APPLICABLE]Contract.

Retention of Final Payment. An amount of [WRITTEN DOLLAR AMOUNT] [$NUMBER AMOUNT], representing [WRITTEN NUMBER] five percent [NUMBER (5%] ) of the maximum total compensation payable under this Contract, shall be withheld by the Institution until [WRITTEN NUMBER] [NUMBER] days after final completion of the services to be performed by the Contractor under this Contract.[THIS MAY BE DELETED IF NOT APPLICABLE]Contract.