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What is retention receivables?
Retention is the amount withheld by a customer until a contract is completed.orRetention is an amount held back from the final payment until the end of a defects liability period. It is to protect the client by ensuring that all defects are corrected within a reasonable time frame after the project is signed off as completed. This money is a receivable, but it is conditional on the defects being remedied to the client's satisfaction. They are accounted for separately because they are conditional.
What does dirt stand for in business term?
deposit interest retention tax
There no risk management case for establishing a retention fund under the assumption of no transaction costs how this affects retention funds?
Under the assumption of no transaction costs, establishing a retention fund presents no risk management case because the absence of transaction costs removes the financial incentive to hold funds for future contingencies. In such a scenario, organizations can freely allocate resources without worrying about the expenses associated with buying or selling assets. Therefore, the retention fund's purpose—to cushion against potential future losses—becomes less relevant as the cost of securing those assets is negligible. As a result, the need for a dedicated retention fund diminishes significantly.
What is retention fund?
A retention fund is a portion of payment withheld by a client or project owner to ensure that a contractor or service provider completes their work satisfactorily and addresses any defects or issues that may arise after project completion. This fund is typically released after a specified period, often referred to as the retention period, which allows for any necessary corrections to be made. Retention funds are commonly used in construction and service contracts to protect the interests of the client while incentivizing the contractor to deliver quality work.
What is the difference between risk retention and self insured?
Risk retention refers to the ability to accept risk and or can be referred to as risk taking, however self insured refers to a situation when someone is very much hopeful
What is advance against retention money?
no
What is the difference between relative retention time and retention time?
Retention time is the time it takes for a compound to travel from the injection point to the detector in chromatography. Relative retention time is the ratio of the retention time of a compound to that of a reference compound in the same chromatographic system. It is used for comparing the behavior of different compounds on the same chromatographic column.
What hormone causes salt retention?
Aldosterone will cause salt-retention and thereby H2O retention because of the osmotic gradient.
Employee Retention strategies by reliance?
it has no such policy....... if u want to leave pl pay back all your money earned and leave. there is no one who will stop you.
What is the base word of retention?
The base word of "retention" is "retain."
Is retention bonus eligible for 401K?
Retention bonuses are not 401K Elegible.
What is the meaning of cultural retention?
what is the meaning of cultural retention i need the meaning
What is the maximum retention amount in construction contracts?
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
What does cultural retention mean?
cultural retention is where practices of the past follows into the present
Can general anesthesia cause fluid retention?
Can anesthesia cause fluid retention
How do you make a sentence using retention?
This water retention is causing me to gain weight.
Define staff retention?
Staff retention is important because it will cost the company money in the long run by not having to train new people all the time. It is also important to help the business run smoothly because employees who have been there longer will understand and perform the job more efficiently.
