商业财务第 1149 / 1605 题
The primary purpose of retention (retainage) on a construction contract is to:
a.Increase the contractor's profit
b.Fund the contractor's overhead
c.Pay the sales tax on materials
d.Give the owner security that the contractor will complete the work and correct defects
解析
Retention is a percentage of each progress payment withheld by the owner as security that the contractor will finish the job and fix any punch-list or defective work. It is released after satisfactory completion, often after the lien period.
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同考点相关题目
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