QS Handbook

The QS Handbook is a suite of documents which define good practice and standards for Chartered Quantity Surveyors in Ireland. The QS Handbook locates in one place the significant amounts of guidance and practice notes currently available to Quantity Surveyors. Its use will facilitate a clearer understanding of the services provided by Chartered Quantity Surveyors.

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This guidance note looks at the general principles of retention, including law; reasons for inclusion within a contract; retention levels and how amounts are deducted, certified or released. The guidance note also reviews common issues including financing; insolvency, and defects rectification.