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Keeping retention monies separate

By: Language: English Series: Contract Journal ; 30 May 1991, 7(1)Publication details: 1991Subject(s): Summary: Discusses the case Wates Construction Ltd v Franthom Property Ltd (Abs 44353) which held that retention monies must be placed in a separate account and that the deletion of the express obligation to do so under JCT 1980 clause 30.5.3 was irrelevant.

Discusses the case Wates Construction Ltd v Franthom Property Ltd (Abs 44353) which held that retention monies must be placed in a separate account and that the deletion of the express obligation to do so under JCT 1980 clause 30.5.3 was irrelevant.