Retention-Release Request
A letter requesting release of retention money once the trigger event has occurred (practical completion for the first half, works completion or defects-liability expiry for the second), with the mora interest warning if it is held too long.
Low risk
General use - safe to send as-is once you've filled the gaps.
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When to use this
- •Practical completion has been certified and the first half of retention is due
- •The defects liability period has expired and the balance is due
- •Retention is being held past the trigger and you want interest on it