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Retentions reform hurdle

Retentions reform hurdle - 2001 - Construction News (6713) 26 April 2001, 2(1) .

A review of the retention system, whereby main contractors retain up to 5% of payments to guard against defects, now seems doubtful as winding-up of the Construction Industry Board in June means that its pan-industry survey on possible alternatives is unlikely to go ahead.

Subjects--Topical Terms:
CIB
CONSTRUCTION INDUSTRY
CONSTRUCTION INDUSTRY BOARD
MAIN CONTRACTORS
RETENTION MONIES
RETENTIONS
SUBCONTRACTORS

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