All toolsCalculatorsContractor ToolsRetention & Cashflow
Retention & Cashflow
Retention held against certified value with the two-stage JCT release at practical completion and end of the rectification period
The Ensign ToolboxRetention & CashflowRetention held against certified value with the two-stage JCT release at practical completion and end of the rectification period
Certified value & retention
£
Work properly executed to date, before retention
%
JCT default 3%; 5% is a common amendment
£
Maximum total sum that may be held
Release terms
fraction
JCT releases half (0.5); the balance follows at end of defects
months
JCT SBC default 6 months; 12 / 24 are common amendments
Enter the certified value and retention terms to calculate