retainage
Spanish translation: Monto retenido / retención
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| 19:27 Aug 7, 2006 |
| English to Spanish translations [PRO] Bus/Financial - Finance (general) / financial statement | |||||||
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|  Selected response from: Patricia Mazzucco Argentina Local time: 02:05 | ||||||
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| 5 +1 | Monto retenido / retención |
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Answers
43 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1Monto retenido / retención Explanation: Retainage is a sum withheld from the progress payments to the Contractor and later paid in accordance with the terms of the construction contract. Cantidad o suma de dinero retenida en un contrato de construcción hasta un período acordado. The following documents provide a way to list percentages or sums to be withheld as retainage: AIA Document G702™–1992, Application and Certificate for Payment; http://www.aia.org/knowledgebase/Retainage.htm |
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