Retentions Readiness Checklist

Are you ready for the Retentions Regime?

To initially determine if you are ready for the Retentions Regime, you should complete the below calculation at home:

Lowest bank balance at any point during the month   $
Add - other true liquid assets (likely to be zero) +$
Deduct - cash security pledged for performance bonds  -$
Deduct - retentions payable (old plus new)  -$
Equals balance   $

If your balance is negative, you may not be as prepared as you could be for the Rententions Regime. 

Retentions readiness checklist

Complete the survey below and one of our BDO Construction team will contact you for a confidential, no obligations discussion on your results. Visit our Real Estate and Construction page for more information on how we can help your business.