Retentions, harmful, inefficient, outdated

Retentions, harmful, inefficient, outdated - 2002 - Contract Journal (416) 6407 11 December 2002, (1) .

Parliamentary report on retentions argues that the withholding of retentions is an outdated practice that should not be necessary in a modern productive industry. Key findings in the report include that many construction firms find the withholding of them a heavy burden particularly on small and medium sized firms. Also legislation to outlaw retentions is unlikely to make much impact. For the House of Commons select committee report : http://www.parliament.the-stationery-office.co.uk/pa/cm200203/cmselect/cmtrdind/127/12702.htm


RETENTIONS
DTI
GOVERNMENT CONTRACTS
PFI