OK...thanks.
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So if you miss a deadline on a build and contractor has to have scaffolding up for xxx time there are costs associated with this which full liable of FBU. So they are pushing back on these as they were caught out on past with big dollars. There are many other reasons this is one....
I work for fletchers and a quantity surveyor. Retentions are there for the duration of the defect period for any remedial work required. Scaffolding in your example is not nessesarily part of that. It wasn't the retentions that caught them out it was the poor contract conditions. Type of contract and liquidated damages that hurt the most.
Same, depends on examples. We aren't allowed to do any jobs with these on. Paying for poor governance by previous board/management..
Excellent earnings result today - appreciating the nice dividend and share buyback amounting to a very significant total return for shareholders.