LA Landscape Practice Questions - Louisiana Landscape Horticulturist License Exam

What is the purpose of a retainage clause in a Louisiana landscape construction contract?

To reduce the contractor's payment permanently To withhold a percentage of each payment (typically 5-10%) until satisfactory project completion and punch list resolution To increase the total contract price Retainage is not used in Louisiana

Correct Answer:

To withhold a percentage of each payment (typically 5-10%) until satisfactory project completion and punch list resolution

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