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hello my name is Phillip Harris partner right hustle solicitors in Limington spa Im Francis hey Im a partner at Penningtons matches in London and Phillip and I are your speakers today for this construction or webinar on retention of payment so this webinar will be of interest to anyone who administers building contracts or payments under building contracts such as for example quantity surveyors but also to lawyers other construction consultants and professionals and in particular to contractors and subcontractors who are owed retention monies and well be discussing what retention money is whose money it is and how its administered and deducted and released under building contracts well look at set off against retention money for example for defects in work well also look at whether and if so how retention can be safeguarded against the insolvency of the employer who holds those monies next well look into potential reforms of retention monies and alternatives perhaps retention use