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Retentions on the wane

By: Language: English Series: Construction News ; 6948, 6 January 2006, 10-11(2)Publication details: 2006Subject(s): Summary: A survey by Construction News has revealed that many local authorities are now discontinuing the practice of making retentions on construction projects. The survey also revealed that not all councils automatically return retentions to contractors at the end of the defect period. Contains table showing the amount of retentions held by a number of local authorities.

A survey by Construction News has revealed that many local authorities are now discontinuing the practice of making retentions on construction projects. The survey also revealed that not all councils automatically return retentions to contractors at the end of the defect period. Contains table showing the amount of retentions held by a number of local authorities.