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Resolving Construction disputes – What are the options and why is it important? | Irish Building Magazine ie | Ireland s Leading Construction News & Information Portal

Resolving Construction disputes – What are the options and why is it important? | Irish Building Magazine ie | Ireland s Leading Construction News & Information Portal
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Aon Announces Retention Instrument Solution For Construction Contractors

Tuesday, 13 July 2021, 11:20 am New Zealand’s leading insurance broker Aon has launched a new service that enables construction contractors to free up funds that would normally be retained in trust during commercial projects. Traditionally, retention money withheld under commercial construction contracts must be held on trust in the form of cash, or other liquid assets readily converted into cash, unless a complying instrument is purchased. Aon’s Retention Instrument is the first fully compliant service available in New Zealand which provides an alternative to holding subcontractor’s retentions on trust, enabling those acting as head contractors to legitimately use these funds within their

Business Scoop » Aon Announces Retention Instrument Solution For Construction Contractors

Press Release – Aon NZ New Zealands leading insurance broker Aon has launched a new service that enables construction contractors to free up funds that would normally be retained in trust during commercial projects. Traditionally, retention money withheld under commercial … New Zealand’s leading insurance broker Aon has launched a new service that enables construction contractors to free up funds that would normally be retained in trust during commercial projects. Traditionally, retention money withheld under commercial construction contracts must be held on trust in the form of cash, or other liquid assets readily converted into cash, unless a complying instrument is purchased.

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