When is the retention released?
Half of the retention is released either at Completion of the whole of the works or when the Employer takes over the whole of the works (whichever is earlier). The amount of retention held after this release does not increase or decrease in later assessments until the Defects Certificate is issued. Four weeks after the date of issue of the Defects Certificate is an assessment date (Clause 50.1). In this assessment, the remaining retention is released.