A property owner is required to maintain a _____________ on a project for the benefit of ________________.
A) trust fund; suppliers of goods and services
B) hold-back; subcontractors
C) surplus; subcontractors
D) hold-back; suppliers of goods and services
E) right of action; subcontractors

Question

Quizplus · Accepted Answer

A hold-back is a sum of money retained by the property owner from the amount due to the contractor, as security for the performance of the contract. It is typically used to ensure that suppliers of goods and services are paid.

A Property Owner Is Required to Maintain a _____________ on a Project