Question

Under the builder's act what percentage of money can an owner hold back?

a. 5%
b. 10%
c. 15%
d. 20%

Answer 1

Under the builder's act, the owner can hold back 10% of the money.

Step-by-step explanation:

Under the builder's act, an owner can hold back 10% of the money. This percentage is usually retained by the owner until all construction work is completed and the contractor has fulfilled all their obligations.