Define: Retention Charges
Retention Charges means charges that a [organization] sets and alters over time, when they give more time for starting project activity on an allotted plot.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Retention Charges means charges that a [organization] sets and alters over time, when they give more time for starting project activity on an allotted plot.
Relevant Circumstances
- Extension of project timeline
- Minor delays in construction or production start
- Refinancing or change in funding of a project or build
Relevant Sectors
- Construction
- Real Estate
- Manufacturing
- Project Management