Retention
The Employer withholds retention from amounts due. It is released at Completion and Defects Certificate.
Retention is typically 3-5% of the amount due. Half released at Completion, half at the Defects Certificate.
In some jurisdictions, retention must be held in a separate trust account. Check local law requirements.
⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.
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