A comparative analysis of the cost of cash retention and retention bond / Bashir O. Ganiyu … [et al.]

• Main Authors: Ganiyu, Bashir Olanrewaju, Ola-awo, Wasiu Adeniran, Adetoro, Kabir, Umar, Moh’d Kabir
• Format: Article
• Language: English
• Published: Faculty of Architecture, Planning & Surveying 2015
• Subjects: Financial management. Business finance. Corporation finance; Cash position. Cash management
• Online Access: http://ir.uitm.edu.my/id/eprint/14655/1/AJ_BASHIR%20O.%20GANIYU%20BEJ%2015.pdf; http://ir.uitm.edu.my/id/eprint/14655/; https://bej.uitm.edu.my/

The practice of cash retention has been identified to be an opportunity cost to the contractor, equivalent to interest loss on cash retained, which could amount to a huge sum for larger contract. Literature revealed the use of retention bond as the best solution to the problems of cash retention. He...