The Invisible Chains: Understanding Retention Money Claims in Back – to Back Contracts
Retention Money Claims in Back-to-Back Contracts
Retention money is meant to safeguard projects, but in back-to-back contracts, it often leads to disputes and cash flow challenges. This guide breaks down the risks and solutions with practical insights:
- Why retention money disputes are common in construction projects
- A structured framework for assessing claims
Frequently Asked Questions
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What is retention money in construction contracts?
Retention money is a portion (usually 5–10%) of the contract value withheld by the client as security to ensure project completion and defect rectification.