retainage
Italian translation: trattenuta a garanzia del effettuazione del pagamento finale
| 00:56 May 28, 2001 |
| English to Italian translations [PRO] Law/Patents | ||||
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|  Selected response from: Robbie Local time: 02:01 | |||
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| na | cauzione o deposito cauzionale |
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| na | trattenuta a garanzia del effettuazione del pagamento finale |
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Answers
1 hr
cauzione o deposito cauzionale Explanation: Il par. da te citato non è chiarissimo, comunque il "retainage" mi sembra corrispondere alla cauzione prevista dai capitolati d'appalto. Vedi ad esempio: What is Retainage? Public entities such as cities, counties and school districts, enter into many large contracts with private contractors to perform services and provide goods to the public entities. Typically, in large contracts, the contractor is entitled to receive progress payments during the term of the contract; that is, the contractor may receive partial payments along the way rather than receiving the entire payment at the end of the contract. Progress payments are usually necessary where performance of the contract will require a relatively long period of time.M.S. 15.72 allows a public contracting agency to reserve as retainage an amount not to exceed five percent of any such progress payment. The rationale for such retainage is that the public agency is somewhat protected(to the extent of 5% of the payment) in the event the work for which it is paying is unsatisfactory. |
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1 day 5 hrs
trattenuta a garanzia del effettuazione del pagamento finale Explanation: A percentage of a contract price retained from a contractor as assurance that subcontractors will be paid and that the job will be completed |
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