Free tool
What’s your overdue retention actually costing them?
When a client holds your retention past its release date, or pays a certificate late, you’re entitled to interest under the Prescribed Rate of Interest Act. Most subcontractors never claim it. See what a single overdue amount is worth.
Your overdue amount
Calculated at the prescribed rate of 10.25% per annum under the Prescribed Rate of Interest Act 55 of 1975. Most subcontractors never claim this.
Interest you could claim
R 6 318
on R 250 000 held for 90 days, accruing R 70 every day it stays unpaid.
Squared tracks this automatically across your whole portfolio, and drafts the demand letter that claims it.
This calculator gives an indicative figure at the current prescribed rate. Actual entitlement depends on your contract. Squared surfaces what your contracts and certificates record. It is not legal or financial advice.