retainage

Also found in: Financial.

retainage

A sum withheld from progress payments to the contractor in accordance with the terms of the owner-contractor agreement.

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consent of surety

References in periodicals archive ?

We have to understand items specific to the industry such as the available methods of accounting, tax deductions, how to work with over- and under-billings and retainage.

This Week: Colin Gorman: Managing Partner of EGP PLLC of North Little Rock

Receivables & retainage not included for completed projects; however, if purchased with extended work orders in place WIP payments and retainage will be pro-rated or negotiated.

Business For Sale; 17 -- Special Trade Contractors; CONTRACTOR WINDOWS & DOORS

Statutory retainage will also be taken out of the statute.

Don't mess with Texas' mechanic's lien law: proposed bill would be net negative for suppliers

Payment terms: 80% upon completion, 20% retainage to be paid after final inspection).

Clean & Weather Seal Water & Sewer Administration Bldg

In Exhibit 1, the organization has assessed that it should investigate improvement opportunities in vendor invoice processing, P-card processing, and retainage management--processes that are of high or medium priority and complexity.

Maximizing your ERP implementation

He will discuss retainage laws in North Carolina for both public and private jobs, as well as other contract issues commonly faced by ASAC members in their businesses.

Anderson Jones, PLLC Partner to Speak on Federal and State Retainage Laws to Local ASAC Chapter

If financial weaknesses are a factor, consider using two party checks for suppliers or holding back additional retainage.

5 ways to work effectively with subcontractors

A retainage in a contract may cause uncertainty as to the timing of including payments in income for a contractor that receives some payments in one year and the retainage in a later year.

Timing of revenue recognition for retainages

The release should have been modified to exclude retainage and the claims for work outside of the regular contract billing (e.

When is a "final construction lien release" really final?

6j] 93 days No payment (supplier) split Project Firm Contract Type Retainage Cambridge [PCE.

Developing a cost-payment coordination model for project cost flow forecasting/Sanaudu ir mokejimo koordinavimo modelio, skirto projektu sanaudu srautu prognozems, kurimas

Reported sales volumes in the company's financial statements will be adjusted for retainage, including usage, line loss and stripping of condensate, which has historically been some 6% below produced volumes, Panoro Energy said.

-Panoro Energy reports Manati field gas output grows in Q3 2010

5% royalty and fuel retainage, which has historically been averaging about 4%, the company said.