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Forensic Claims Analysis

Retention Money Claim

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Francis Moyalan, PMP,PMI-SPMember for 21 years 8 months
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Hi Guys,

Whats the procedure for claiming back the Retention money after the Project completion. In our case we have received the Completion Certificate from the client. Is that mandatory to give a Bank Guarantee for taking back complete Retention money.

Regards,
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  1. 0
    Sanjay Rao ·
    #1
    Hi
    I think you need to check your contract Clause 14.9, clause 10 & 11 which will guide.
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  2. 0
    Samer Zawaydeh ·
    #2
    Dear Francis,

    It depends on the Conditions of your Contract. If you Contact is under FIDIC, then you can review the clause the Sanjay Rao referred to.

    With kind regards,

    Samer
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