Bookkeeping

However, a total percentage is usually the preferred method for determining the amount withheld. According to the Canadian Construction Association, the industry standards, 5% – 15% has historically been the standard retainage rate. Additionally, private projects often have higher retainage rates than federal and state projects. If they decide to pursue this avenue, subcontractors should find out […]

Large enterprises often present their financial statements and other reports with the figures in the millions, i.e., and they use mm meaning ($ MM). The term MM is used in the finance world to denote one million and is a standard nomenclature used across the globe. It is commonly used in financial documents, contracts, and […]