What Is Holdback?
A holdback is a portion of each payment to a contractor — commonly 10% — withheld until a project is fully complete and inspected, giving the owner leverage to ensure punch-list items and any defects get resolved.
A holdback is a portion of each payment to a contractor — commonly 10% — withheld until a project is fully complete and inspected, giving the owner leverage to ensure punch-list items and any defects get resolved.