Contract retainage definition

Contract retainage means an amount reserved by a public body from the moneys earned by a person under a public improvement contract.
Sample 1Sample 2Sample 3
Contract retainage means all retainage as of the Closing Date under the construction Contracts of the Companies.
Sample 1

Examples of Contract retainage in a sentence

  • No Contract retainage will be released prior to receipt of all approved As-Built Drawings.

  • All Contract retainage shall be released and paid to the Contractor and subcontractors pursuant to California Public Contract Code Section 7107.

  • In order to ensure the awarded Contractor’s complete and satisfactory performance of its duties under this Contract, the City shall withhold an amount of up to ten percent (10%) of each payment request submitted by the Contractor (i.e. the Contract retainage).

  • The City or its duly authorized administrative agent, shall approve final payment for all work, materials or services furnished under this Contract retainage may be reduced upon issuance of the Certificate of Substantial Completion by the City if, in the sole opinion of the City, sufficient progress on the schedule has been accomplished, all required affidavits have been provided, and the City has retained adequate coverage for the project through the achievement of Final Completion.

  • The dollar values to be utilized are outlined in Appendix D of this Contract and are subject to an adjustment of minus 10% for Contract retainage.

  • All Contract retainage shall be released and paid to Contractor and subcontractors pursuant to California Public Contract Code Section 7107.

  • In order to ensure the awarded Contractor’s complete and satisfactory performance of its duties under this Contract, the City/CRA shall withhold an amount of up to ten percent (10%) of each payment request submitted by the Contractor (i.e. the Contract retainage).

  • The symmetric stretching vibration ν1 (A1’) is not infrared-active, while the degenerate ν3 (E’) asymmetric stretching vibration is infrared- active.

  • The DISTRICT or its duly authorized administrative agent, shall approve final payment for all work, materials or services furnished under this Contract retainage may be reduced upon issuance of the Certificate of Substantial Completion by the DISTRICT if, in the sole opinion of the DISTRICT, sufficient progress on the schedule has been accomplished, all required affidavits have been provided, and the DISTRICT has retained adequate coverage for the project through the achievement of Final Completion.

  • Included in the claim was a demand for the Contract retainage, as well as a claim for several unapproved change orders.

Related to Contract retainage

  • Retainage means that portion of the purchase price of an Export Order that a Buyer is not obligated to pay until the end of a specified period of time following the satisfactory performance under such Export Order.

  • Cost-reimbursement contract means a contract under which a contractor is

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.