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Release Retained Percentage (Except Landscaping) Contractor Street Address CityStateContract NumberZipFederalAid Project Numerate Highway Number Job Description (Title)Request The undersigned Contractor
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01
To fill out release - retained percentage, follow these steps:
02
Begin by collecting all the necessary data related to the release and retention
03
Calculate the total amount of release, which is the amount of money released or paid to someone
04
Calculate the total amount of retention, which is the amount of money withheld and not released
05
Divide the total amount of retention by the total amount of release
06
Multiply the result by 100 to get the percentage of release - retained
07
The final percentage obtained represents the release - retained percentage

Who needs release - retained percentage?

01
Release - retained percentage is needed by individuals or companies involved in financial reporting or budgeting.
02
It is commonly used by accountants, financial analysts, project managers, and business owners to assess the proportion of funds released versus the funds retained.
03
This information provides valuable insights into cash flow management, project progress, and financial performance.
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Release - retained percentage refers to the amount of funds released to a contractor minus the percentage that is retained by the contracting entity until the completion of the project.
Contractors and subcontractors are required to file release - retained percentage as part of their contractual agreements with the contracting entity.
To fill out release - retained percentage, contractors must provide detailed information on the funds released, the percentage that is retained, and the progress of the project. This information is typically submitted through a form provided by the contracting entity.
The purpose of release - retained percentage is to ensure that contractors complete projects and meet quality standards before receiving full payment. The retention percentage serves as a safeguard for the contracting entity in case of any defects or delays in the project.
On release - retained percentage, contractors must report the total funds released, the percentage retained, the project timeline, completion status, and any outstanding issues or deficiencies that need to be addressed.
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