When a project has been completed,inspected,and accepted,retained percentages of contract billings may be paid.

Name: When a project has been completed,inspected,and accepted,retained percentages of contract billings may be paid.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Upon final inspection and acceptance, if it is determined that all work on the project was satisfactorily completed and that no rework is required, there is no legal basis for continuing to retain a portion of the contractual amount.

When a Project Has Been Completed,inspected,and Accepted,retained Percentages of Contract