With most of these contracts, a certain percentage of payment is held back, can range from 12 mths or longer, it acts as an insurance policy, if the work performed fails, in any way, it gives the contractor a chance to return and rectify the problem, or the money Held back, is used to get another contractor to come in and do any Rectification works.
AJM Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
