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🔓 Retention Release Certificate
Formally release retention held under the Construction Contracts Act 2002 — confirms defect liability period has ended.
How to use: Issue at the end of the defect liability period. Both parties sign to confirm retention is released. All fields are editable — click any text to change it.
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RETENTION RELEASE CERTIFICATE
Retention held under the Construction Contracts Act 2002. Retention moneys must be held on trust and released at the end of the defect liability period once all defects are remedied.
Contractor (Requesting Release)
Your Business Name
Address / Contact
GST No: [your number]
Principal / Client (Holding Retention)
Client / Developer Name
Address / Contact
Project
Project name and site address
| Item | Amount / Details |
|---|---|
| Original contract sum (excl. GST) | $200,000 |
| Approved variations | $15,000 |
| Total contract value (excl. GST) | $215,000 |
| Retention rate | 5% |
| Total retention held | $10,750 |
| Practical completion date | |
| Defect liability period | 12 months from practical completion |
| Defect liability period end date | |
| Defects identified at practical completion | None / [list ref] |
| Defects remedied by | N/A / [date] |
Retention to release (excl. GST)$10,750
GST (15%)$1,612
TOTAL RETENTION RELEASE$12,362
Payment Instructions
Bank: [Bank Name] | Account: [XX-XXXX-XXXXXXX-XX] | Reference: RR-001 / [Contract ref]
By signing below, the principal confirms: The defect liability period has expired, all notified defects have been remedied to satisfaction, and the retention moneys stated above are authorised for release.
Contractor / Date
Principal / Client authorised by / Date