Release retention against verified defect closure

Tie contractor retention release conditions to verified snag closure, defect-period records, security instruments and final account. The developer approves the amount due for release under its construction contract.

A draft, counterparty revision or request to update a playbook is received.

People in the process

PProject commercialProcess Owner
PProjectsParticipating Team
FFinanceParticipating Team

Records it works with

Current draft and previous versions
Approved playbook and fallbacks
Negotiation history and business instructions

The process is a starting point.The standards are yours.

Configure for the parcel, state, project registration and transaction. Title opinions, permissions, RERA reporting and professional certifications require the relevant qualified reviewers.

Keep the work connected.

Projects and commercial

Test contractor variations against sanctioned scope

Compare revised drawings, site instructions, BoQ rates, contract notice requirements and authority constraints. Project and commercial leads approve the scope and cost position before work or billing.

PPL

Projects and commercial

Match contractor applications to certified progress

Connect measurements, inspection acceptance, change approvals and contract rates to the payment application. Finance pays the certified, contractually due amount after engineer and commercial review.

Projects and commercial

Substantiate project-account withdrawals with current certificates

Reconcile separate-account costs, project progress and the latest architect, engineer and CA certificates. Finance presents the qualified packet for authorised bank and promoter review.

AECB

Explore all Land & real estate processes.

Order for the work. Room for the people.