What Is Retention in Construction?

• What Is Composite Wood
• What Is the Difference Between a Shower Pan and a Shower Base?
• What Is a Window Panel
• What Is Rebar Made Of
• What Is Crane
• What Is a Frame Structure
• What Is the Measurement for a Queen Size Bed
• What Is Considered Livable Space
• What Is One Way You Can Save Electricity?
• What Is Mdf Mean
• What Is a Bundle of Shingles
• What Is a Gallon of Water Weigh
• What Is Window Sash
• What Is a Sieve Analysis
• What Is the Little Black Diamond on a Tape Measure
• What Is the Difference Between a Bolt and a Screw?
• What Is Overhang
• What Is a Contour Interva
• What Is a Spread Footing
• What Is Tile
• What Is the Purpose of Foundation
• What Is Leveling
• What Is Modulus of Rupture
• What Is a Door Frame

What Do You Mean by Retention Money in Construction?

What Is the Purpose of Retention Money?

Retention Includes Two Levels

• First, the hiring individual (Client) holds the money until the contract (can be construction projects) is fulfilled, and he is satisfied.
• Second, the Contractor (Employer) holds the money from his or her subcontractors.

What Is Release of Retention in Construction?

• What Is Flooring
• What Is Shoring
• What Is a Bridge Abutment
• What Is a Cold Joint in Concrete
• What Is the Strongest Foundation for a House
• What Is a Well Point
• What Is a Floating Slab
• What Is Grouting
• What Is Rcc Value Day
• What Is a Stair Landing
• What Is Optimum Dry
• What Is a Moment Frame
• What Is Standard Water Pipe Size in Residential
• What Is Flagstone
• What Is an Admixture
• What Is a Frost Wall
• What Is Bituminous Pavement
• What Is Gypsum Board
• What Is a Parapet Wall
• What Is Cmu Wall

Important Things to Know Retention

1. Some contractors fail to claim their release of retention money on time due to incompletion of construction work caused by the poor quality of construction.
2. Final account stage is important for any construction project as the closing of the project involves much work related to cost management.
3. Retention money provides protection to the employer as per the contract. However, product warranties and retention money of a project are two different things.

Retention in Construction

How Is Retention Calculated in Construction?

How Does Retention Work?

Retention Money in Construction

Construction Retention Accounting

Purpose of Retention Money

Contractor Retention

Release of Retention in Construction

• Difference Between Marble and Granite | What Is Marble and How Is It Made | What Is Granite and How Is It Made
• What Is Survey Levelling | Important Terms Related to Levelling | What Are Different Types of Levelling | Types of Trigonometric levelling
• Difference Between Primer and Undercoat | What Is Undercoat | What Does Undercoat Paint Do | Why Use Undercoat | Is Undercoat the Same as the Primer
• Definition of Shear Force and Bending Moment | What Is Shear Force | What Is Bending Moment | Relation Between Loading, Shear Force & Bending Moment
• What Is Pad Foundation | Failure of Pad Foundation | Pad Foundation Detail | Types of Pad Foundation | Design of the Pad Footing Depends on Several Factors
• What is Floating Foundation | Suitability of the Floating Foundation | Advantages & Disadvantage of Floating Foundation | How to Build a Floating House Foundation