answersLogoWhite

0


Best Answer

Limit of retention is the maximum amount that can be retained in the construction contract. Suppose the retention % is 5% and limit of retention is 10%. On a contract value of Rs100.00. The first claim amounts to Rs20.00. Retention is Rs1.00 and net payment is Rs 19.00

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the maximum retention amount in construction contracts?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the maximum amount of bank guarantee?

The maximum amount the FDIC insures is $275,000.


What is maximum aperture?

Maximum aperture is the maximum amount you can get a hole to open.


What factors control color and water retention?

Minerals in the soil and the amount of gases.


What is the maximum amount of controllers that can be hooked to a GameCube?

Four is the maximum amount of controllers that you can use with a GameCube.


What is the maximum amount of time a tourniquet be left on?

what is the maximum amount of time a tourniquet should left on


What was the maximum amount of slaves that a slave owner can have?

There was no maximum.


What is the Concept of a Retention Limit?

The maximum amount of insurance an insurer can retain before ceding business to a reinsurer. The maximum amount may depend on the insured's age, health, coverage in force, as well as the insurance company's financial condition. An insurer cannot retain a risk exceeding 10% of its surplus to policyholders. However, it may write insurance on a risk exceeding this amount if it enters into a reinsurance agreement or treaty with another insurer who agrees to insure the portion of the risk exceeding the retention limit. In the event of a total loss, the insurer would pay the portion of the claim up to its limit and the reinsurer would pay the rest.


What is the maximum amount of ibuprofen in 24 hours?

The maximum amount of ibuprofen in 24 hours is 3200 mg


What are NFL contracts?

A contract is something stating that you work a certain amount of years for a certain amount of money


What is bellows file?

expands and contracts to accomodate varying amount of materials


What is the maximum amount of coffee that the grinder can handle at one time?

One pound of coffee is the maximum amount the hopper can hold.


What is the maximum amount of sugar that will dissolve in 100ml water?

204g of sugar is the maximum amount of sugar that will dissolve into 100mL of water.