Logo UK Retention Deposit Scheme Logo UK Retention Deposit Scheme
  • Back to website
Logo UK Retention Deposit Scheme Logo UK Retention Deposit Scheme
  • Back to website
  • Guidance
    • Guidance for Lawyers
  • Pre-Qualification
    • 1 - Eligibility
    • 2 - Registering for an Account
    • 3 - Effect of Application to Join the Scheme
  • Scheme Rules
    • 1 - Definitions
    • 2 - Joining the Scheme
    • 3 - Tier 1 Contract Accounts
    • 4 - Subcontract Accounts
    • 5 - Our Interest in the Retention Funds
    • 6 - Protection of Funds under the Scheme
    • 7 - The Scheme Online Portal
    • 8 - Fees & Charges
    • 9 - Insolvency
    • 10 - Discharge from the Scheme
    • 11 - Disputes
    • 12 - Expiry
    • 13 - Your Obligations
    • 14 - Our Liability
    • 15 - Data Protection
    • 16 - Confidentiality
    • 17 - Notices
    • 18 - Governing Law
    • 19 - Rights of Third Parties
    • 20 - Severance
    • 21 - Updates to these Rules
  • Definitions
    • Bank
    • Base Rate
    • Beneficial Owner
    • Business Days
    • Compliance Requirements
    • Confidential Information
    • Construction Contract
    • Construction Operations
    • Contract
    • Contract Account
    • Contract Sum
    • Corporate KYB
    • Contractor
    • Data Protection Laws
    • Deposit Bank
    • Employer
    • England
    • Final Date for Payment
    • Final Release of Retention
    • Individual KYC
    • Insolvency
    • Pay Less Notice
    • Payment Notice
    • Paying Party
    • Pre-Qualification Information
    • Receiving Party
    • Rectification Period
    • Retention
    • Rules
    • Sanctions
    • Sanctions Authority
    • Scheme
    • Subcontract
    • Subcontract Account
    • Subcontract Retention
    • Subcontractor
    • Supply Chain
    • Tier 1 Contract
    • Tier 1 Contract Account
    • Tier 1 Contractor
    • Tier 1 Retention
    • United Kingdom
    • User
    • VAT
    • Wales
    • We or Us
    • Your
    • Works
  1. Overview
  2. Definitions
  3. Contract Account

Contract Account

See Pre-qualification Information Paragraph 2.8.


Was this article helpful?
© 2025 DOS & Co. Ltd.
  • UK Retention Deposit Scheme
  • Privacy Policy
  • Impact
  • UK Security for Expenses Scheme