The retention fund is the contractor`s
Language: English Series: Contract Journal ; 358(5831) 25 July 1991, 7(1)Publication details: 1991Subject(s): Summary: Highlights another case, JF Finnegan Ltd v Ford Sellar Morris Developments Ltd 1990 unreported, which settles the status of a retention fund as being the contractor`s monies and should be kept in a separate bank account. The contractor is entitled to ask at any time for such placement in a separate bank account, in spite of JCT 1981 cl 30.4.2.2, which stipulates this request should be made only when an interim payment is made.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS44925 (Browse shelf(Opens below)) | 1 | Available | 49908-1001 |
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Highlights another case, JF Finnegan Ltd v Ford Sellar Morris Developments Ltd 1990 unreported, which settles the status of a retention fund as being the contractor`s monies and should be kept in a separate bank account. The contractor is entitled to ask at any time for such placement in a separate bank account, in spite of JCT 1981 cl 30.4.2.2, which stipulates this request should be made only when an interim payment is made.