Reykjavik19
2016-07-05 15:05:42
- #1
Hello,
I am new here in the forum and have a question about how much retention I am allowed to withhold from a craftsman’s invoice.
To explain, my husband and I are currently building a detached single-family house on our own.
Now I have received the invoice for the earthworks and drainage works, which I want to pay.
How much retention am I (we are) allowed to withhold from this invoice? Is it 10% or 5%?
Is it correct that if there is a verifiable measurement, 5% may be withheld, and if this measurement is not available, 10%?
Best regards
Reykjavik
I am new here in the forum and have a question about how much retention I am allowed to withhold from a craftsman’s invoice.
To explain, my husband and I are currently building a detached single-family house on our own.
Now I have received the invoice for the earthworks and drainage works, which I want to pay.
How much retention am I (we are) allowed to withhold from this invoice? Is it 10% or 5%?
Is it correct that if there is a verifiable measurement, 5% may be withheld, and if this measurement is not available, 10%?
Best regards
Reykjavik