retention money guaranteed

简明释义

担保的保留款

英英释义

Retention money guaranteed refers to a portion of the payment withheld by a client or project owner from a contractor until the completion of a project, ensuring the contractor fulfills their obligations.

保留金保证是指客户或项目业主从承包商的付款中扣留的一部分,直到项目完成,以确保承包商履行其义务。

例句

1.The client was pleased to hear that the retention money guaranteed would be paid within 30 days of project completion.

客户高兴地得知,项目完成后保留款保证将在30天内支付。

2.The contractor assured us that the retention money guaranteed will be released after the final inspection.

承包商向我们保证,保留款保证将在最终检查后释放。

3.The retention money guaranteed serves as a safeguard for the client against any potential defects.

保留款保证作为客户对任何潜在缺陷的保障。

4.Before signing the contract, we need to clarify the terms of the retention money guaranteed clause.

在签署合同之前,我们需要澄清保留款保证条款的细节。

5.Our agreement includes a retention money guaranteed of 10% to ensure quality work.

我们的协议中包括了10%的保留款保证以确保工作质量。

作文

In the world of construction and contracting, financial security is paramount. One term that often arises in this context is retention money guaranteed, which refers to a portion of the payment withheld until the completion of a project. This practice serves multiple purposes, primarily ensuring that contractors fulfill their obligations and deliver quality work. Understanding the implications of retention money guaranteed can help both contractors and clients navigate their agreements more effectively.When a contractor undertakes a project, they typically receive an initial payment followed by subsequent payments as milestones are reached. However, a percentage of the total contract value is often retained by the client until the project is fully completed. This withheld amount is known as retention money guaranteed. The rationale behind this practice is to provide an incentive for contractors to finish the project on time and to the specified standards. If any defects or issues arise after completion, the retention money can be used to cover the costs of rectifying these problems.From a contractor's perspective, retention money guaranteed can be both a blessing and a burden. On one hand, it ensures that they will be compensated for their work upon completion; on the other hand, holding back funds can create cash flow challenges. Many contractors rely on timely payments to manage their operational costs, and having a portion of their earnings withheld can lead to financial strain. Therefore, it is crucial for contractors to negotiate favorable terms regarding the amount of retention and the timeline for its release.Clients, on the other hand, view retention money guaranteed as a safeguard against potential risks. By retaining a portion of the payment, they can ensure that contractors remain accountable for their work. This practice can also foster a sense of trust between parties, as it demonstrates the client's commitment to ensuring that the project meets their expectations. However, clients must also be aware of the potential impact on contractors' cash flow and be willing to release the retention money promptly once the project is completed satisfactorily.In recent years, there has been a growing trend towards more flexible approaches to retention money guaranteed. Some industries are moving away from traditional retention practices in favor of alternative models that promote collaboration and reduce financial strain on contractors. For instance, some clients may choose to implement milestone payments that are linked to performance rather than withholding a fixed percentage until project completion. This approach can enhance cash flow for contractors while still providing clients with assurance that their projects will be delivered to a high standard.In conclusion, the concept of retention money guaranteed plays a significant role in the construction industry, serving as a financial tool that balances the interests of both clients and contractors. While it can provide security and accountability, it is essential for both parties to communicate openly and negotiate terms that are fair and reasonable. By understanding the implications of retention money guaranteed, stakeholders can foster healthier working relationships and contribute to the successful completion of projects. As the industry continues to evolve, finding innovative solutions to traditional practices will be key to promoting efficiency and collaboration in construction contracts.

在建筑和承包的世界中,财务安全至关重要。一个常常出现的术语是保留款保证,指的是在项目完成之前扣留的一部分付款。这种做法有多个目的,主要是确保承包商履行其义务并交付质量合格的工程。理解保留款保证的含义可以帮助承包商和客户更有效地处理他们的协议。当承包商承担一个项目时,他们通常会在达到里程碑后收到初始付款和后续付款。然而,合同总价值的一定比例通常会被客户扣留,直到项目完全完成。这笔扣留的金额被称为保留款保证。这种做法背后的理由是为了承包商提供激励,以按时并按照规定标准完成项目。如果在完成后出现任何缺陷或问题,保留款可以用来支付修复这些问题的费用。从承包商的角度来看,保留款保证既是福音也是负担。一方面,它确保他们在完成后将获得报酬;另一方面,扣留资金可能会造成现金流挑战。许多承包商依赖及时付款来管理运营成本,而一部分收入被扣留可能会导致财务压力。因此,承包商在谈判保留金额和释放时间表时至关重要。另一方面,客户将保留款保证视为防范潜在风险的保障。通过保留一部分付款,他们可以确保承包商对其工作负责。这种做法还可以促进双方之间的信任,因为它表明客户致力于确保项目满足他们的期望。然而,客户也必须意识到这对承包商现金流的潜在影响,并愿意在项目满意完成后及时释放保留款。近年来,越来越多的行业趋向于对保留款保证采取更灵活的方式。一些行业正在逐步放弃传统的保留做法,转而采用促进合作、减轻承包商财务压力的替代模式。例如,一些客户可能选择实施与绩效挂钩的里程碑付款,而不是在项目完成之前扣留固定比例。这种方法可以增强承包商的现金流,同时仍然为客户提供确保项目高标准交付的保障。总之,保留款保证的概念在建筑行业中发挥着重要作用,作为一种平衡客户和承包商利益的财务工具。虽然它可以提供安全性和问责制,但双方都必须进行开放的沟通,并谈判出公平合理的条款。通过理解保留款保证的含义,利益相关者可以促进更健康的工作关系,并为项目的成功完成做出贡献。随着行业的不断发展,寻找创新解决方案以应对传统做法将是推动建筑合同效率和合作的关键。

相关单词

retention

retention详解:怎么读、什么意思、用法

money

money详解:怎么读、什么意思、用法

guaranteed

guaranteed详解:怎么读、什么意思、用法