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p.b.g.

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(Querist)
11 April 2011
plz explain me about p.b.g. & Retaintion Money . what is differance between Retention Money & P.B.G.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 April 2011 Performance bank gurantee which issued by the contractor bank for ensuring the performance of the contractor

Retention money which is withheld by the contractee from the contractor bill for some future guarantee
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Surrender

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Surrender (Expert)
12 April 2011 Well explained
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