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Retention money is not a guarantee but holding 10 % from every progressive bill till the completion of the scope of work until take over certificate wherein 5 % is being released and balance 5 % shall be released either at the end of Defects liability period against Bank gaurantee as per Defects Liabaility clauses.
Retention is taken only from subcontractors and not from suppliers engaged in that perticular projects.The main purpose is to ensure that each subcontractor works with their respective works without damaging other subcontractor works or equpments etc. which if proven can be recovered from the defualter subcontractor.For instance science student keep retention money to use lab so that while using if they accidently or intenetionally damage using instruments or other can be recovered from their retention money.Retention money is just holding money and does not need bank gaurantee is manadatory.
Performance bond means bank guarantee for the subcontractor for their performance of their scope of work related to them as follows.
1.complying to 100 % specification
2.Timely completion of his scope of work
3.successful testing by 3rd party like fire testing ,u value testing mech. testing etc
4.The product should stand in its performance till defects liability period
5.The performance in brief is for product,installation,quality and timely completion and all related tests.
If you are professional subcontractor all above bond shall not be in action as those cow boy sub contractor aspiring to take big projects inspite of knowing their own small capacity shall always be sceptic on such bond for misuse by main contractor.
You may contact me at abdulmunim@emirates.net.ae
What else can I help you with?
What is an example of a function that is continuous and bounded on the interval a b but does not attain its upper bound?
A function whose upper bound would have attained its upper limit at a bound. For example, f(x) = x - a whose domain is a < x < b The upper bound is upper bound is b - a but, because x < b, the bound is never actually attained.
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4.46 is a fixed number: it has no upper nor lower bound. To 2 dp it is 4.46
What is the main difference between a contract and a promise?
in a contract you are legally bound by it and a promise is something u just make someone. so if u break your contract you could go to jail but if u break a promise you might lose a friend or who ever you made that promise with.
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The path of an airplane flying north as it crosses an east-bound highway.
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· whether it is linear, quadratic or exponential · whether it has an upper or lower bound · whether it has a minimum or a maximum value · whether it is constant, decreasing or increasing
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hydrogen bound
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Every pet is different, a bound is formed between each pet and its owner, and that is an understanding that will be your for of communication.
Installing a second hard drive in your system will have an immediate impact on system performance if your system is memeory bound?
Installing a second hard drive in your system will have an immediate impact on system performance if your system is memeory bound?
Use bound in a sentence?
Bound, like many words in the English language, has several different meanings, so there are different ways of using it in a sentence. I am bound for New York. I am bound to succeed. The book was well bound. The prisoner was bound to the chair. A deer can bound a huge distance in a single leap.
What is a substance with a high retention factor?
A substance with a high retention factor in chromatography is one that interacts strongly with the stationary phase, resulting in a slower migration rate through the system. This means the substance spends more time bound to the stationary phase and has a higher retention time compared to other substances in the mixture.
What actors and actresses appeared in Bound to Be Different - 2011?
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What are the causes of bottleneck in your computer system?
The fundamentals of computer performance in terms of program execution always has three factors that influence performance 1. CPU 2. Memory and 3. IO (Input/Output) Any performance bottleneck will be related to one of these. To overcome the bottleneck you may need to increase the CPU capability if it is CPU bound, increase the memory if it is memory bound and remove the IO blocks if it is IO bound
Isare a duty-bound standard of performance to be adhered to even in the most difficult circumstances.?
The Code of Conduct
Is gta 6 coimg out?
Yes. Between August and December 2020. There are many sources saying different things but it is bound to be released within this time.
What is the difference between a unbound report and a bound report?
A bound report is one where it is put togeter in a binder, an unbound report just has a paperclip or a staple at the left top side.. Bound= bound to the binder ;)
Will installing a second hard drive in your system have an immediate impact on system performance if your system is memory bound?
False.
What is the connection between Theta and Big-O notation?
Big O gives an upper bound whereas big theta gives both an upper bound and a lower bound.
