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The rate of retention is stipulated in the construction contract and can often be negotiated. Retention can be withheld on residential or commercial projects and on both public and private projects. ABC Contractor is billing a project owner for $100,000 with 10% retention. Paul’s Masonry invoices ABC $50,000 with 10% retention.
is a manufacturing company located in Des Moines that provides complete power management systems for commercial and utility industries for power generation, transmission and distribution. Award recommendations for the POCR fund are made by the Technology Commercialization Committee (TCC) to the IEDA Board for approval.
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