RemodelingIntermediate
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.
Most useful for: Homeowner
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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