Bank Guarantee vs. Cash Retention: What Construction Contractors Need to Know

Why “graduating” from retention to a bank guarantee can quietly strangle a growing contractor, and how the security ladder actually works.  Most contractors treat the move from retention to a bank guarantee as a sign they’ve arrived. It feels like the grown-up version of performance security. No more watching 5% disappear off every claim; you […]

Construction Retention Money: Claim What You’re Owed

Global Retention Reform Is Gaining Ground, But Subcontractors Still Write It Off We’re seeing promising signs that construction retention reform is moving in the right direction. Around the world, governments are taking action to protect subcontractors from late payments. New Zealand introduced trust accounts; Australian states and territories are improving, with Victoria recently enacting Security […]