Retentions Must Be Returned – The High Court Confirms
Retentions under a subcontract are held on trust by the head contractor for the benefit of the subcontractor. If retentions are withheld, contingent on anything other than the subcontractor’s performance, they must be released immediately, as this is considered void and unenforceable. In Stevensons Structural Engineers 1978 Ltd (in liq) v McMillan & Lockwood (PN) Ltd & […]
Contractual Risks in Construction Subcontracts – the 10 Red Flags
Gone are the days when a Subcontractor can simply put its contract in a drawer. And rely on its good relationship with a main contractor or developer. To ensure that a project runs smoothly, and it gets paid at the end. Today’s Subcontractor needs to understand its contractual obligations and manage them to avoid lengthy […]