How long after relief from establishing a cash deposit can it be withdrawn, assuming no outstanding claims?

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The correct duration for withdrawing a cash deposit after relief from establishing it is two years, provided there are no outstanding claims. This timeframe is significant as it allows sufficient time for any potential claims against the deposit to be resolved. In the context of construction and contracting, establishing a cash deposit often serves as a financial guarantee against unpaid work or incomplete projects. The two-year period strikes a balance between giving contractors the opportunity to address any unexpected issues while still allowing them to reclaim their funds in a reasonable timeframe if there are no claims. This policy helps maintain trust in contractual relationships while protecting the interests of all parties involved.

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