Final Committee Position on the AGC's Recommendation that Approved Securities Be Posted in Lieu of Retained Percentagesby
Committee on Contract Administration of the Construction Division, ASCE
Serial Information: Journal of the Construction Division, 1971, Vol. 97, Issue 2, Pg. 271-276
Document Type: Journal Paper
ASCE-AGC Joint Committee requested ASCE to examine contract retainages with a view to their elimination and to consider approved securities in lieu of retained percentage. The Committee on Contract Administration recommends that contract retainages not be eliminated and substitution of approved securities not be allowed. Included is a Minority Report.
Subject Headings: Security | Contracts | Joints
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