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Breaching the wall of retention

By: Language: English Series: Contract Journal ; 360(5481) 3 October 1991, 12-13(2)Publication details: 1991Subject(s): Summary: Recession has heightened pressure for scrapping the controversial system of retention monies which is now causing bankruptcies among subcontractors. This article considers the insurance or guarantee schemes being put forward as an alternative by the trade associations, FASS, CASEC and the Confederation of Construction Specialists.

Recession has heightened pressure for scrapping the controversial system of retention monies which is now causing bankruptcies among subcontractors. This article considers the insurance or guarantee schemes being put forward as an alternative by the trade associations, FASS, CASEC and the Confederation of Construction Specialists.