Retention money released ahead of the required minimum one-year period
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceMoney kept to guarantee the quality of purchased goods was returned to the contractor too early, before the warranty period ended.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Retention money was released ahead of the required minimum period of 1 year."