Minor liens refer to the amount of retainage or “holdback” that accrues after a Certificate of Substantial Performance has been issued. Add a provision for minor lien holdbacks to be calculated on accounts payable invoices.

Background: major lien fund refers to the amount of holdback that has accrued before a certificate of substantial performance has been issued by the general contractor. If no certificate is issued, all holdback remains in the Major Lien Fund. A minor lien fund refers to the amount of retainage or “holdback” that accrues after a Certificate of Substantial Performance has been issued

This enhancement request is submitted on behalf of:
Joanna
Client ID: 4000546931
Account name: Everest Construction
Telephone: 403-685-6609
Email: mailto:accounting@everestconstruction.ca

by: Kenneth K. | over a year ago | Accounts Payable