In contracting, retention is an amount of money, generally between 1 and 5 percent, that is held back from a sub-contractors invoice. It is designed to ensure that the sub-contractor properly completes the relevant activity or services required under the contract, to an acceptable standard.
We know that having a robust retention process in place for improved efficiency of the workforce is essential to reduce business costs, and lower the percentage of defective work.
Our process ensures the contractor correctly completes their contractual work.
We now also provide a tailored Vehicle Retention System for our clients and their self-employed contractors.
Our clients benefit from our digital platform and streamlined processes to cover damage to vehicles, penalties and fines.
An additional new benefit now available to our contractor clients is our IN-SYNC app which provides details of performance to help improve cost and efficiency.
IN-SYNC Outsourcing provides Management reports to our clients, which contain detailed data to improve and advance performance.
We build our process around our clients’ needs, and this outsourced service is designed to reduce business costs, improve efficiency and increase the overall profitability of our clients.
Your business needs and behaviours are central to every successful partnership. We tailor and design our services to meet your specific needs. Get in touch today to arrange a face to face visit at your offices.