January 12, 2017 Michael Copas No comments

Withholding Funds During Construction

Holdback, retainage, and withholding are all terms used to describe monies withheld from the Contractor by the Owner. In Ontario, holdback is legislated as a percentage of the progress of work, and is intended to protect employees on a project site. Many contracts also include special funds, and I have given them a different name […]