Quote:
Originally Posted by You Need a Thneed
There's a difference between a standard 10% holdback, and blatantly holding back money for completed work.
If As builts are part of the contract, and they aren't done, why should they be paid for them? If costs for extras aren't documented, why would a contractor pay a sub for them?
If other subcontractors hadn't been paid up to date, we would have all been hearing about it already for a project like this. Everything else is in the public. The instant one such complaint would get out to the media, the public negativity of the project would shift onto Graham.
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That's why I said on the last page, if this was true, the sub should have stopped work when the first invoice wasn't paid. You're right, typically the hold back is to guarantee that the contractor will turnover all the final documentation.