retention money

简明释义

保留金

英英释义

例句

1.The retention money 保留款 serves as an incentive for contractors to complete their work to a high standard.

这笔retention money 保留款作为激励，促使承包商以高标准完成工作。

2.The contractor will receive 90% of the payment upfront, while the remaining 10% will be held as retention money 保留款 until the project is completed.

承包商将提前收到90%的付款，而剩余的10%将作为retention money 保留款，直到项目完成。

3.Before the final payment is made, the client will review the work to determine if any retention money 保留款 should be released.

在最终付款之前，客户将审查工作以确定是否应释放任何retention money 保留款。

4.After the completion of the project, the contractor submitted a request for the release of the retention money 保留款.

项目完成后，承包商提交了释放retention money 保留款的请求。

5.In construction contracts, retention money 保留款 is often set at 5% of the total contract value.

在建筑合同中，retention money 保留款通常设定为合同总值的5%。

作文

In the construction industry, the term retention money refers to a certain percentage of the contract value that is withheld by the client or project owner until the completion of the project. This practice serves several important purposes. Firstly, it acts as a financial incentive for contractors to complete the work satisfactorily and on time. By retaining a portion of the payment, clients ensure that contractors remain motivated to meet quality standards and project deadlines. Secondly, retention money provides a form of security for the client. If any defects or issues arise after the project’s completion, the client can use the retained funds to cover the costs of repairs or rectifications. This mechanism helps to protect the client's investment and ensures that contractors remain accountable for their work. However, the use of retention money has been a topic of debate within the construction sector. Some argue that withholding payment can create cash flow problems for contractors, especially smaller firms that may not have sufficient reserves to sustain operations while waiting for the release of these funds. Delayed payments can lead to financial strain, affecting the contractor's ability to pay their workers and suppliers. In this context, it is essential for clients to strike a balance between protecting their interests and supporting the financial health of their contractors. Moreover, the amount of retention money withheld can vary significantly depending on the nature of the project and the agreements made between the parties involved. Typically, the retention percentage ranges from 5% to 10% of the total contract value. Once the project reaches substantial completion, a portion of the retained funds is usually released, with the remaining balance held until the end of the defect liability period. This period allows for any necessary repairs or adjustments to be made without additional cost to the client. To mitigate the challenges associated with retention money, some organizations have started to implement alternative approaches, such as performance bonds or insurance schemes. These alternatives can provide similar levels of security for clients without placing undue financial pressure on contractors. Additionally, there is a growing trend towards more collaborative contracting methods, which foster better relationships between clients and contractors, ultimately leading to improved project outcomes. In conclusion, retention money plays a crucial role in the construction industry, providing a means of ensuring quality and accountability. While it serves as an important tool for clients to safeguard their investments, it is vital to consider the financial implications for contractors. By exploring alternative solutions and fostering a collaborative environment, the construction industry can continue to evolve, benefiting both clients and contractors alike.

在建筑行业中，术语保留金指的是客户或项目业主在项目完成之前所扣留的合同价值的一定百分比。这种做法有几个重要的目的。首先，它作为一种财务激励，促使承包商按时且满意地完成工作。通过保留部分付款，客户确保承包商保持满足质量标准和项目截止日期的动力。其次，保留金为客户提供了一种安全保障。如果在项目完成后出现任何缺陷或问题，客户可以使用保留的资金来支付修理或整改的费用。这一机制帮助保护客户的投资，并确保承包商对其工作负责。然而，保留金的使用在建筑行业内一直是一个争论的话题。一些人认为，扣留付款可能会给承包商，尤其是小型企业，带来现金流问题，因为他们可能没有足够的储备来维持运营，等待这些资金的释放。延迟付款可能导致财务压力，影响承包商支付工人和供应商的能力。在这种情况下，客户必须在保护自身利益和支持承包商的财务健康之间找到平衡。此外，扣留的保留金金额可能因项目性质和各方达成的协议而显著不同。通常，保留的百分比范围在合同总值的5%到10%之间。一旦项目达到实质性完成，通常会释放一部分保留资金，其余部分则在缺陷责任期结束之前保留。这个时期允许在不增加客户额外成本的情况下进行必要的修复或调整。为了减轻与保留金相关的挑战，一些组织开始实施替代方法，例如履约保证金或保险计划。这些替代方案可以为客户提供类似的安全水平，而不会给承包商带来过大的财务压力。此外，越来越多的趋势是采用更具协作性的合同方法，这促进了客户和承包商之间的更好关系，从而最终改善项目结果。总之，保留金在建筑行业中发挥着至关重要的作用，提供了一种确保质量和问责制的手段。尽管它作为客户保护投资的重要工具，但考虑到对承包商的财务影响至关重要。通过探索替代解决方案和促进合作环境，建筑行业可以继续发展，使客户和承包商都受益。