Statutory holdback
id:
statutory-holdback-312-5763874
title:
Statutory holdback
text:
Statutory holdback or contract holdback is the legal requirement found in most common law jurisdictions' contract law that requires an owner engaging a contractor to hold a particular percentage of payment for a stipulated length of time. This is done to ensure that any and all parties working on a contract are paid. Any subcontractors who have worked on the project are entitled to payment based on quantum meruit, and the courts will allow a lien against any property which their work has improve
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Statutory_holdback
date created:
date modified:
2023-04-04T09:10:56Z
main entity:
{"identifier":"Q12202207","url":"https://www.wikidata.org/entity/Q12202207"}
image:
fields total:
13
integrity:
13