The retention of guarantee is deducted in instalments from the payments on account, the final partial payments and the balance.
In the event that the amount of the sums owed to the contractor does not allow the retention of guarantee to be deducted, the contractor is required to provide a guarantee on first demand in accordance with the procedures set out in sub-section 2.
The purchaser may decide not to apply the provisions of the second paragraph to public persons holding a contract.