The contract allows partial release of retainage after substantial completion of a phase. Which document controls whether that retainage can be released?
Correct Answer
B) The contract's retainage and closeout provisions
Retainage release depends on the contract provisions and required closeout conditions for the relevant work. Other choices do not control payment release.
Why This Is the Correct Answer
Retainage release depends on the contract provisions and required closeout conditions for the relevant work. Other choices do not control payment release.
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