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  5. 956 P.2d 93 (1998)
 

PIERCE LATHING CO. v. ISEC, INC.

No. 28895.

956 P.2d 93 (1998)

PIERCE LATHING CO. d/b/a Pierce Enterprises, A California Corporation, Appellant, v. ISEC, INC., A Colorado Corporation, Respondent.

Supreme Court of Nevada.

April 2, 1998.

Attorney(s) appearing for the Case

McKnight & Hendrix, Las Vegas, for Appellant.

McKnight & Bowers, Las Vegas; Kevin J. Blair, Las Vegas; Andrade & Muzi, Irvine, CA, for Respondent.

OPINION

PER CURIAM.

Appellant Pierce Lathing Company ("Pierce") and respondent ISEC, Inc. ("ISEC") were subcontractors in connection with construction of luxury suites at the Caesar's Palace resort in Las Vegas. The stated contract price was $78,000.00. The subcontract contained the following "retention" provision:

ISEC shall upon receipt from the Owner pay the subcontractor 90% of such work, labor, and materials and shall retain the remaining 10...

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