NEC Hosting a Free Webinar on Retentions

Places are filling up fast for next week’s free webinar where will be going over the latest guidance from the CLC and NEC on how to minimise the use of retention funds in NEC works contracts.

For more information and to register, visit this page (link to below).

On 15 November, the Construction Leadership Council in collaboration with NEC published joint guidance to industry on the use of retention clauses under NEC3 and NEC4 Engineering and Construct Contracts, and sub-contracts.

The NEC are hosting a free webinar on Monday 16 January 2023 at 2pm to support the new guidance and an opportunity to learn more. Unlike many standard form contracts retentions under the NEC form are optional. This webinar will provide a comprehensive guide to the use of that Option X16 in NEC Contracts. Further, it will explore when alternatives to retentions should be utilised, and what those alternatives are, as well as exploring the advantages and disadvantages of using retentions generally.

You can register here.

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