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.
Retainage or “retained funds” means the amount withheld from a progress payment to a contractor pursuant to section 3.
Retainage means the difference between the amount earned by the Contractor on a GRDA Contract, with the work being accepted by the GRDA, and the amount paid on said Contract by the GRDA.
Examples of Retainage in a sentence
Retainage may be up to a maximum of 10% of the total amount of the Agreement.
More Definitions of Retainage
Retainage means that money belonging to the Contractor which has been retained by the awarding authority conditioned upon final completion and acceptance of all work in connection with the Project.
Retainage means the difference between the amount earned by the contractor on a public construction contract, with the work being accepted by the public agency, and the amount paid on said contract by the public agency.
Retainage means the part of the payments under a public work contract that are not required to be paid within the month after the month in which the public work labor is performed or public work material is delivered under the contract.
Retainage means the quantity of gas, expressed as a percentage of receipt quantities, Shipper must provide Transporter (in addition to quantities Transporter will deliver to Shipper) for company-use, lost and unaccounted-for quantities under any of Transporter's Rate Schedules that refer to such term.
Retainage is an optional field and means the amount of the contract’s value that is retained.
Retainage. As defined in Section 13.1.