NEWS: Coastal wetlands are unable to adapt to the rate of sea-level rise and are constrained by infrastructure
NEWS: Coastal wetlands are unable to adapt to the rate of sea-level rise and are constrained by infrastructure
Wetlands, precious ecosystems that shield coastlines, safeguard drinking water from saltwater contamination, and nourish diverse wildlife, face a dire threat from the accelerating pace of sea-level rise, driven by global warming. Wetlands have historically adapted to rising sea levels by expanding upward and inland. However, predictions indicate that the waterline will soon shift far too rapidly for wetlands to keep pace. Consequently, future decades may witness the tragic loss of these vital wetland ecosystems. Wetlands along coastlines have historically played valuable roles for people and wildlife, but are now facing the threat of sea-level rise. As temperatures rise, sea levels are rising at an accelerating rate, and wetlands are unable to keep pace by building upward and migrating inland. This is due to human-induced climate change and the burning of fossil fuels, which has warmed the oceans and melted glaciers. Sea levels are now rising at about 10 millimeters per year, and are
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Contractor's as well as sub-contractor's need to understand why retention is required by the other contracting party, and more importantly, they need to understand when they are entitled to receive the retention back.
ReplyDeleteAll very good and valid points, thank you.
DeleteRetention is often abuse these days and it is generally subcontractors who are at risk of not receiving their hard-earned monies at the end of the project including all or part of their retention. Even more prevalent is when the main contractor gets liquidated or goes into business rescue. It is far safer to opt for construction guarantees
DeleteA very well made point thank you. I agree with your comment however I have come across various instances where my subbies are unfortunately not in a position to obtain a construction guarantee. In addition, should the contract specifically require retention alternatively a rention guarantee - the subbie is sadly not able to dictate the terms of the agreement.
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