000			01324cam a2200253 4500
001			ABS66756
008			030620n2003 000 0 eng u
035			_a(Sirsi) u122678
100			_aKlein, R.
245		2	_aA retention is your money - use the law to get it back
260			_c2003
490			_aConstruction News _v(6815) 15 May 2003, 2
490			_aConstruction News _v(6818) 5 June 2003, 19(2)
520			_aExamines retentions in the light of a recent Inland Revenue decision that firms can defer paying their corporation tax on retentions until such monies are received. Suggests contractors always ask why retentions are required or alternatively recommends use of retention bonds. Advocates half is returned on practical completion of subcontract works and half at the end of the defects liability period. Warns of the payment provisions of the Housing Grants, Construction and Regeneration Act 1996 and gives useful advice on the form letters can take.
590			_aABS
650			_aHOUSING GRANTS, CONSTRUCTION AND REGENERATION ACT 1996
650			_aRETENTIONS
650			_aCORPORATION TAX
650			_aDEFECTS LIABILITY
650			_aRETENTION BONDS
650			_aLATE PAYMENT OF COMMERCIAL DEBTS (INTEREST) ACT 1998
690			_aBUILT ENVIRONMENT-BUILDING CONTRACT FORMS
942			_n0
999			_c72894 _d72894