An owner is required to maintain a _____________ on a project for the benefit of ________________.

Question

Quizplus · Accepted Answer

A hold-back is a percentage of the contract price that is retained by the owner until the project is completed and all subcontractors and suppliers have been paid in full. This is done to ensure that there is enough money to pay for all the work done and materials provided on the project. The hold-back is for the benefit of suppliers of goods and services. Therefore, option D is the correct answer.

An Owner Is Required to Maintain a _____________ on a Project