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08 Dec 20221 minute read

NEC to host free webinar on retentions

ECAtoday
NEC to host free webinar on retentions

On 15 November, the Construction Leadership Council in collaboration with NEC published joint guidance to industry on the use of retention clauses under NEC3 and NEC4 Engineering and Construct Contracts, and sub-contracts.

The NEC are hosting a free webinar on Monday 16 January 2023 at 2pm to support the new guidance and an opportunity to learn more. Unlike many standard form contracts retentions under the NEC form are optional. This webinar will provide a comprehensive guide to the use of that Option X16 in NEC Contracts. Further, it will explore when alternatives to retentions should be utilised, and what those alternatives are, as well as exploring the advantages and disadvantages of using retentions generally.

You can register here.

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