Build UK has developed a roadmap setting out key milestones for implementation by the construction industry to deliver zero cash retentions between now and 2023. As part of this initiative, its members have agreed a number of ‘minimum standards’ on retentions but Build UK says that they should not be viewed as best practice and in those sectors where the minimum standard is already not to accept cash retentions, for example in the piling and lift sectors, this should be maintained.

The guide details the drafting amendments required to the JCT Design & Build 2016 Contract and Sub-Contract and NEC4 Contract and Subcontract (ECS) to give effect to the minimum standards.

https://builduk.org/wp-content/uploads/2019/06/Minimum-Standards-on-Retention-Build-UK-June-2019.pdf