Contract Reviews And Retention Issues – Seek Professional Advice

This month’s question is posed by a sub-contractor in Leeds.

Question:

What can assist with a contract review or retention issue?

Answer: CONTRACT REVIEW

We offer a professional and comprehensive contract review service. Our specialist team can assist you in preparing a contract or reviewing any contract documentation prior to entering into the contract.

Our contract review service includes reviewing particular clauses relating to payment terms, retention periods and percentages, variation triggers, compensation events and Insurance requirements. We will also review any restrictive covenants that the contract may impose.

We will review the contract documentation and complete a risk analysis as to what risks entering into the contract may impose upon a party and advise on action to reduce the risk.

RETENTION RECOVERY

As Retention is often considered one of the most contentious issues within the construction industry we can assist in retention recovery services. At Kenzie Consulting we provide both an immediate recovery of historic and current accounts, as well as an ongoing management service for your retentions if required. We can also manage all (or some) of your retentions, after the point of practical completion.

We can offer a number of different personalised solutions that vary from collection based on a fixed fee arrangement, through to working on a percentage basis or of course, a no win – no fee conditional fee type arrangement.

For a no obligation free assessment of your Retention ledger or a contract review service, please contact one of the specialists at Kenzie Consulting, or email us on retentions@kenzieconsulting. com.

Do you have a contractual, technical or legal problem?

Or would you simply like to understand a particular issue better?

Would you like independent objective advice?

Therefore, if you have a question regarding any construction law, dispute resolution or quantity surveying matter then email info@modernbuilder.co.uk or joseph.bond@kenzieconsulting.com and we will publish a response in Modern Builder detailing our advice. All correspondence will be treated with the utmost confidence.