The Contractor’s Guide to RetentionEverything You Need to Know About Managing Retention & How to Get It Back
The estimated total sum retained over the course of a given year is between £3.2 billion to £5.9 billion. It is essential to ensure the contractual release mechanism for your retention is linked to dates within your control and knowledge. Be clear from the outset on dates and release mechanisms – being clear at the start will avoid disputes at the end! Read this eBook to discover more about tracking and managing retention, while improving collaboration up and down the supply chain.
Report Snap Shot
"If retention is not released when requested, the system you have in place should flag this and the contract should be singled out for special attention."