One register for every bank guarantee, with alerts before expiry and return requests at PC and FC, so your facility isn’t tied up longer than it needs to be.
A bank guarantee doesn’t hold back cash the way a cash retention does, but it still costs you. Every guarantee on issue uses up your bank facility, carries a fee, and limits how much work you can take on.
Guarantees are easy to forget. They’re issued at the start of a job, filed away, and left with the principal long after the contract says they should come back.
Expired guarantees before project completion can also result in breach of contract.
Every guarantee, from request to release
Each step is dated and logged, so you always know where the original is and when your facility comes back.
01
Issued
Request sent to your bank
Copy and details on record
Tracking number logged
Principal confirms receipt
02
Returned
Alerts before expiry
at PC/FC
Return request drafted
Original back in hand
Cancelled, facility released
Steps run in order. Each one is dated and kept on the contract record, from the bank request to the cancelled guarantee.
One register for every guarantee
Every guarantee in one place, linked to the contract it secures:
- Issuing bank and reference
- Amount and beneficiary
- Issue and expiry dates
- Status: on issue, due for return, or returned
See your total guarantee exposure by job, by client and by bank.
Alerts before anything lapses
retainr warns you before a guarantee expires, so you can extend, replace or recover it on your terms.
Returned when they’re due
When a milestone triggers a return (practical completion for part of the security, final completion for the rest), retainr flags it and drafts the return request. If the guarantee doesn’t come back, it’s followed up through the same steps as a cash retention.
Cash retention and guarantees, side by side
Most contractors hold both types of security. retainr shows them together, so you see your total security position across every job in one view.
Less admin
No guarantee spreadsheet. No digging through files to find an expiry date.
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A systematic, legally defensible, escalating recovery process for retention money contractors have already earned.