Employer and Main Contractor

Retention bond wording

Main ContractorEmployer
Clause
FIDIC 1999 Red BookSub-Clause 14.9
Time limit
Set by the agreement
Format
WordLanguage: English
Stage
Post-contract: 6. PaymentsRoute: Both routes
Procurement routeApplies to the Employer, consultants and Main Contractor

The Employer designs through its consultant, tenders complete drawings and bills, and the contractor builds. FIDIC 1999 Red Book.

What this document does

  • Bank guarantee in place of cash retention, reducing at taking over.
  • Sent by the Main Contractor to the Employer.
  • Written to FIDIC 1999 Red Book, Sub-Clause 14.9.

What you get

Also used between