Retentions, What are they good for?
Are Retention's of use for guarding against insolvency, ensuring timely performance, or for ensuring quality work is delivered defect...
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The NZ Building Economist
Feb 7, 2022
The Birth of Retentions 1840
The Rise of Industrialisation and Transportation The 19th century saw the age of trains rise to dominate commercial transportation. The...
The NZ Building Economist
Nov 28, 2021
The Principles of Valuation NZS3910:2013
Here we explore [1] Valuing Variation, [2] Valuing Other Matters, and [3] the Principles of Valuation, to be applied to everything being...
The NZ Building Economist
Sep 26, 2021
Outlaw Cash Retentions
It’s time to outlaw cash retentions, so we can find an honest way to deliver a quality product, without hurting anyone. Here we share two...
The NZ Building Economist
Sep 5, 2021
The Idiocy of Cash Retentions
Retention Regimes at what cost to our clients? Retentions are thought of as a safeguard against over-paying for work before it is...
The NZ Building Economist
Aug 4, 2021
Retention's Must Die
It's time to reconnect reward to performance A building contract is the Contractor agreeing to deliver a quality-built product on time,...
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