Under current trading conditions, it is advisable to get your contract CASH POSITIVE as soon as possible and maintain it like that until the end of the contract.
By allowing your client to withhold retention, you are prejudicing your own cashflow. Not to mention the difficulties many members have trying to get retention finally released!
A construction guarantee is the default form of security in all JBCC® and MBSA contracts. It is your prerogative to choose the security you want to offer.
You client cannot demand to hold cash retention.
We are extremely pleased to announce that the Credit Guarantee Insurance Company will be joining us at our upcoming webinar.
This is a valuable opportunity to learn about the insights of guarantees and insurances and should not be missed by anyone!
Date: 16 November 2021
Time: 10:00 – 11:00
MBA North Members: R350.00 | Non- Members: R650.00