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RETAINING STUDENTS IN ONLINE EDUCATION September 28-30, 2011 Philadelphia, PA Academic Impressions provides a well-educated staff who are implementing the practices shared. Workshops are extremely
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What is retaining?
Retaining is the process of withholding a portion of payments made to a contractor or vendor as a form of security against the completion of a project or delivery of goods or services.
Who is required to file retaining?
Contractors, vendors, or service providers who receive retainage payments are required to file retaining.
How to fill out retaining?
Retaining is typically filled out by providing details of the project, including the amount of retainage withheld, the percentage basis, and the payment schedule.
What is the purpose of retaining?
The purpose of retaining is to ensure that the contractor or vendor completes the project or delivers the goods or services as agreed upon in the contract.
What information must be reported on retaining?
The retaining form must include details such as the project name, contractor/vendor details, retainage amount, percentage basis, payment schedule, and project completion date.
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