Skip to content
GreenCode
Contact

Home / Glossary / Contract

Retention

A percentage of the contract sum withheld until defects are rectified.

Leverage, and it disappears once released. Releasing retention before defects are closed out removes most of the practical incentive for a contractor to return.

Related terms

Seeing this in your building?

The free diagnostic works out the mechanism from what you can see and measure, and tells you what it cannot conclude.

Diagnose your building