Retention reform nears
Retention reform nears
- 1994
- Contract Journal 372(5963) 10 March 1994, 3(1) .
The JCT is about to make contractual changes that could end the much criticised retention system. A working party has drafted a compromise clause allowing insurance-backed performance bonds to be used as an alternative to retention in JCT 80.
PERFORMANCE BONDS
RETENTION MONIES
The JCT is about to make contractual changes that could end the much criticised retention system. A working party has drafted a compromise clause allowing insurance-backed performance bonds to be used as an alternative to retention in JCT 80.
PERFORMANCE BONDS
RETENTION MONIES