Holdback Glossary Definition - Tradogram
Holdback
What is a holdback in procurement? Learn how it ensures contract compliance and protects against incomplete work.
Holdback is a term that refers to a portion of contract payment that is reserved/withheld by the buying party until specific deliverables and/or conditions have been verified as having been completed at a satisfactory level. Holdback payments are determined at the inception of a contract arrangement.
