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Statutory holdback

Statutory holdback or contract holdback is the legal requirement found in most common law jurisdictions' contract law that requires an owner engaging a contractor to hold a particular percentage of payment for a stipulated length of time. This is done to ensure that any and all parties working on a contract are paid. Any subcontractors who have worked on…

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Statutory holdback

Nodes10
Edges9
Triples0
Avg. degree1.8
Density0.2
Components1

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payment holdback project contract owner contractor needed lien subcontractors entitled based quantum meruit work holdbacks subcontractor basic finishing 10 released

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