Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Retention definition

What does Retention mean? In construction contracts, retention is a portion of each interim payment (often 3–5%) withheld by the employer or upstream contractor to secure completion and the remedy of defects. It is a contractual mechanism, not a statutory term, and is widely used across England and Wales, Scotland, Northern Ireland and Ireland in standard forms (e.g. JCT, NEC, PWC). Typically, half of the retention is released at practical completion (NEC: Completion; Ireland PWC: Substantial Completion) and the balance on expiry of the defects liability/rectification period, usually evidenced by a certificate of making good defects or a defects certificate. Sectional completion may trigger...

Coronavirus Job Retention Scheme (original to 30 June 2020): archived legal FAQs on furlough eligibility, pay calculations, holiday, redundancy, pensions and procedures for UK employment lawyers

Published by a LexisNexis Employment expert

Practice notes

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ARCHIVED

This archived Practice Note is no longer maintained and is supplied for background reference only. It aims to answer a series of frequently asked questions about the original Coronavirus Job retention Scheme (CJRS) that applied up to 30 June 2020. For fuller detail on the CJRS itself, see the following Practice Notes:

Coronavirus Job Retention Scheme (extended version 1 May to 30 September 2021) [Archived]
Coronavirus Job Retention Scheme (extended version 1 November 2020 to 30 April 2021) [Archived]
Coronavirus Job Retention Scheme (extended version 1 July to 31 October 2020) [Archived]
Coronavirus Job Retention Scheme (original version to 30 June 2020) [Archived]
Coronavirus Job Retention Scheme—guidance tracker [Archived]

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