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retainage

Spanish translation: Monto retenido / retención

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:retainage
Spanish translation:Monto retenido / retención
Entered by: Pat Mazzucco
Options:
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19:27 Aug 7, 2006
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / financial statement
English term or phrase: retainage
it is part of a balance sheet, under current liabilities
Frances Lake
Local time: 16:28
Monto 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

Selected response from:

Pat Mazzucco
Argentina
Local time: 16:28
Grading comment
Muchas gracias, Patricia.
Pero te parece que quedará claro si le pongo solamente "retención"?

Saludos,
Frances
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +1Monto retenido / retención
Pat Mazzucco


Discussion entries: 1





  

Answers


43 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
Monto 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



Pat Mazzucco
Argentina
Local time: 16:28
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 20
Grading comment
Muchas gracias, Patricia.
Pero te parece que quedará claro si le pongo solamente "retención"?

Saludos,
Frances

Peer comments on this answer (and responses from the answerer)
agree  Jairo Payan
8 mins
  -> many thanks!!
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