Contract Retention definition

Contract Retention means any amounts withheld by customers from contract progress billing until final and satisfactory contract completion as determined by such customers.

Examples of Contract Retention in a sentence

  • The term "Contract Retention" shall mean any amounts withheld by customers from contract progress billing until final and satisfactory contract completion as determined by such customers.

  • The Contract Retention for this Project is established at ten (10) percent of the Contract Price.

  • The Contract Retention for this Project is established at five (5) percent of the Contract Price.

  • Sellers shall have the right at any time following the expiration of the Contract Retention Period to reject any Consent Pending Contracts pursuant to section 365 of the Bankruptcy Code.

  • Final Release of Contract Retention and/or Release of More Than Ninety (90) Percent of the Contract Funds: Prior to final payment and release of monies retained and/or in the case of substantial completion where the Contractor has requested a reduction in contract retention, the Contractor will be required to sign a claims affidavit agreeing to hold the City harmless from any and all claims arising out of the contract.

  • Old Auburn Multi-Use Trail Project - Project Acceptance – City PN 20-11-007 RECOMMENDATION: Approve Resolution No. 2014-117 Adopting a Resolution of the City Council of the City of Citrus Heights, California, Accepting the Old Auburn Multi-Use Trail Project as Complete and Authorizing the City Engineer to Record a Notice of Completion and Release the Contract Retention.

  • The Contract Retention for this Project is established at five percent of the Contract Price.

  • In this event, the Contract Retention Funds is reduced pro- rata.Clause 16 (e) Clarifies that the Employer, in the absence of a Collateral Warranty, is in no way liable to Nominated Sub-contractors.

  • Old Auburn Multi-Use Trail Project - Project Acceptance – City PN 20-11- 007 RECOMMENDATION: Approve Resolution No. 2014- Adopting a Resolution of the City Council of the City of Citrus Heights, California, Accepting the Old Auburn Multi-Use Trail Project as Complete and Authorizing the City Engineer to Record a Notice of Completion and Release the Contract Retention.

  • Flores RECOMMENDATION: Resolution No. 2015-042 A Resolution of the City Council of the City of Citrus Heights, California, Accepting the Sunrise Boulevard Bus Stop Improvements Project – Phase 2 as Complete and Authorizing the City Engineer to Record a Notice of Completion and Release the Contract Retention ACTION: On a motion by Council Member Miller, seconded by Council Member Slowey, the City Council approved Consent Calendar Items 6, 7, 8, 9, 10, 11 and 12.

Related to Contract Retention

  • Contract carrier means any person who, under special and individual contracts or agreements, and

  • Policy Grievance shall be signed by a xxxxxxx or a Union representative or, in the case of an Employer's policy grievance, by the Employer or its representative.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Non-Participating Durable Medical Equipment Provider means a Durable Medical Equipment Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Designated Contract Representative(s) means those individual(s) designated by the Contractor on the Pre-Work form during the Pre-Work Conference.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Contract Monitor means the Department employee identified in Section 1.6 of the IFB as the Contract Monitor.

  • contract worker means a natural person who is —

  • General Contractor means a person or entity duly licensed in the state of Florida with the requisite skills, experience and credit worthiness to successfully provide the units required in the Application, and which meets the criteria described in Rule 67-48.0072, F.A.C.

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

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Participating Durable Medical Equipment Provider means a Durable Medical Equipment Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Continuing education provider or “CE provider” means an individual or entity that is approved to offer continuing education courses pursuant to [insert reference in State law or regulations governing producer continuing education course approval].

  • Risk Retention Consultation Party means each risk retention consultation party appointed pursuant to the Lead Securitization Servicing Agreement.

  • Medical Child Support Order means any judgment, decree or order (including approval of a domestic relations settlement agreement) issued by a court of competent jurisdiction that:

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • EPC Contractor means the contractor responsible for engineering, procurement and construction of the Facility, including Seller if acting as contractor, and including all subcontractors.

  • Contract Letter means the letter identifying those documents which form the Contract.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Service Control Point (SCP) is the node in the common channel signaling network that accepts Queries for certain Database services. The SCP is a real time database system that receives Queries from service platforms, performs subscriber or application-specific service logic, and then sends a Response back to the Query-originating platform. Such service platforms can be Service Switching Points (SSPs) or other network nodes capable of properly formatting and launching Queries.

  • Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

  • Insured contract means any written: a. leases of premises; b. easement agreements, except those concerning construction or demolition operations abutting railroad property; c. obligation to insure a municipality as required by law or ordinance, except in connection with work for the municipality; d. sidetrack agreements; or e. elevator maintenance agreements.

  • Emergency medical services provider means a person who has received formal training in prehospital and emergency care, and is licensed to attend any person who is ill or injured or who has a disability. Police officers, firefighters, funeral home employees and other persons serving in a dual capacity one of which meets the definition of “emergency medical services provider” are “emergency medical services providers” within the meaning of this chapter.

  • Contractor means the individual or entity, that has entered into this contract with the Commonwealth.

  • Standard Agreement Coversheet refers to the form used by the Judicial Council to enter into agreements with other parties. Several originally signed, fully executed versions of the Standard Agreement, together with the integrated Contract Documents, shall each represent the Agreement as an individual contract counterpart.

  • Emission control system means the electronic engine management controller and any emission related component in the exhaust or evaporative system which supplies an input to or receives an output from this controller.