Retention - Revision history

Doug: Add link.

2024-02-27T23:22:30Z

Add link.

← Older revision		Revision as of 23:22, 27 February 2024
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	==See also==		==See also==
			*[[Churn]]
	*[[Contract]]		*[[Contract]]
	*[[Retention bond]]		*[[Retention bond]]

imported>Doug Williamson: Spelling.

2018-09-05T10:24:17Z

Spelling.

← Older revision		Revision as of 10:24, 5 September 2018
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	For subcontractors in particular, the release of retention may rely on circumstances outside of their contract or their control, for example, defects being remedied under the main contract by other parties.		For subcontractors in particular, the release of retention may rely on circumstances outside of their contract or their control, for example, defects being remedied under the main contract by other parties.

	Retention bonds are way of avoiding problems associated with retention recovery.		Retention bonds are a way of avoiding problems associated with retention recovery.

imported>Doug Williamson: Expand first definition for retention bonds.

2018-09-03T20:25:56Z

Expand first definition for retention bonds.

← Older revision		Revision as of 20:25, 3 September 2018
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	1. ''~~Contracting~~.''		1. ''Major project contracting.''

	An amount withheld, for example 5% or 10%, from payments due to a contractor, to ensure that the contractor properly completes all of the activities required under the contract, including any necessary remedial work.		An amount withheld, for example 5% or 10%, from payments due to a contractor, to ensure that the contractor properly completes all of the activities required under the contract, including any necessary remedial work.
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	2.		The recovery of retention is often a difficult area for parties in the contractual chain and cash flow problems frequently arise resulting from non-payment.

			Retention is commonly not released on time or in accordance with the contract.

			For subcontractors in particular, the release of retention may rely on circumstances outside of their contract or their control, for example, defects being remedied under the main contract by other parties.

			Retention bonds are way of avoiding problems associated with retention recovery.


			2. ''Contract law.''

	A contractual delay in the passing of an ownership interest, for example retention of title.		A contractual delay in the passing of an ownership interest, for example retention of title.

imported>Doug Williamson: Create page. Sources: linked pages and Designing buildings wiki https://www.designingbuildings.co.uk/wiki/Retention_in_construction_contracts

2018-09-03T20:14:30Z

Create page. Sources: linked pages and Designing buildings wiki https://www.designingbuildings.co.uk/wiki/Retention_in_construction_contracts

New page

1. ''Contracting.''

An amount withheld, for example 5% or 10%, from payments due to a contractor, to ensure that the contractor properly completes all of the activities required under the contract, including any necessary remedial work.

Known in the US as ''retainage''.

2.

A contractual delay in the passing of an ownership interest, for example retention of title.

3. ''Dividend policy.''

Amounts of profits held within a business for future growth, rather than being distributed as dividends.

4. ''Staffing.''

A measure of the extent to which staff remain employed for the longer term, rather than leaving to take other employments.

The inverse of staff ''turnover.''

==See also==
*[[Contract]]
*[[Retention bond]]
*[[Retention of title]]
*[[Retention ratio]]
*[[Turnover]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Trade_finance]]