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A retention guarantee is a financial assurance provided by a party, often in a contractual context, to ensure that a certain level of performance or service will be maintained over a specified period. It typically involves holding back a portion of payment until agreed-upon conditions or benchmarks are met, thereby incentivizing the provider to fulfill their obligations. This mechanism is commonly used in construction contracts and service agreements to protect the interests of the client or project owner.
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What is defference between performance bank guarantee and retention bond?
A retention bond refers to a percent of contract value retained until work is finished. The performance bank guarantee is used to secure completion of conditions in the contract.
What is the types of letter of guarantee?
There are several types of letter of guarantee that include: 1. Tender Bond/ Bid Bond 2. Performance Bond 3. Advance Payment Bond 4. Retention Money Bond 5. Maintenance Bond 6. Financial/ Payment Bond
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.
Can you use the word guarantee in a sentence?
I can guarantee you that. Indeed you can use guarantee in a sentence.
What hormone causes salt retention?
Aldosterone will cause salt-retention and thereby H2O retention because of the osmotic gradient.
What is the adverb of guarantee?
guarantee
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
How do you make a sentence using retention?
This water retention is causing me to gain weight.
