Question

what is retention money?​

Answer 1

Answer:

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Explanation:

Retention money is an amount held back from a payment made under a construction contract. ... It is generally held to ensure that a contractor performs all of its obligations under the contract, and is then released either on practical completion or after the end of a defects notification period.

Answer 2

Answer:

Retention money is an amount held back from a payment made under a construction contract. ... It is generally held to ensure that a contractor performs all of its obligations under the contract, and is then released either on practical completion or after the end of a defects notification period.