Retention in Construction Contracts – Five Top Tips for Recovery
Unfortunately, retention is a well-documented source of problems in the construction industry, with retention often not released on time or, in some cases, not at all. With the effects of Covid-19 and the current climate a difficult one for many businesses, unduly withheld retention only adds to the difficulty, leaving contractors and subcontractors at a higher risk of cash flow problems and even insolvency. Arbicon have put together five top tips on recovering retention in construction contracts.