Current Retentions Payable
<p><a href="https://www.designingbuildings.co.uk/wiki/Retention" title="Retention" class="mw-redirect" >Retention</a> is a percentage (often 5%) of the amount certified as due to the <a href="https://www.designingbuildings.co.uk/wiki/Contractor" title="Contractor" class="mw-redirect" >contractor</a> on an <a href="https://www.designingbuildings.co.uk/wiki/Interim_certificate" title="Interim certificate" class="mw-redirect" >interim certificate</a>, that is deducted from the amount due and retained by the <a href="https://www.designingbuildings.co.uk/wiki/Client" title="Client" class="mw-redirect" >client</a>. The purpose of <a href="https://www.designingbuildings.co.uk/wiki/Retention" title="Retention" class="mw-redirect" >retention</a> is to ensure that the <a href="https://www.designingbuildings.co.uk/wiki/Contractor" title="Contractor" class="mw-redirect" >contractor</a> properly completes the activities required of them under the contract. <a href="https://www.designingbuildings.co.uk/wiki/Retention" title="Retention" class="mw-redirect" >Retention</a> can also be applied to <a href="https://www.designingbuildings.co.uk/wiki/Nominated_sub-contractor" title="Nominated sub-contractor" >nominated sub-contractors</a>, and the <a href="https://www.designingbuildings.co.uk/wiki/Main_contractor" title="Main contractor" class="mw-redirect" >main contractor</a> may also apply <a href="https://www.designingbuildings.co.uk/wiki/Retention" title="Retention" class="mw-redirect" >retention</a> to <a href="https://www.designingbuildings.co.uk/wiki/Domestic_sub-contractors" title="Domestic sub-contractors" class="mw-redirect" >domestic sub-contractors</a>.</p>