MN Landscape Practice Questions - Minnesota Landscape Contractor License Exam

What is the standard industry practice for retainage in a Minnesota landscape construction contract?

No retainage is used in landscape construction 5-10% of the total contract value is withheld until project completion and punch list items are resolved 50% is held back until the following year The client pays the full amount upfront

Correct Answer:

5-10% of the total contract value is withheld until project completion and punch list items are resolved

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