cash retentions

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In the wake of a massive campaign by the Specialist Engineering Contractors’ Group (SEC Group) in Scotland the Scottish Government has announced an industry-wide...
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The second reading of the bill proposed by Peter Aldous MP to protect retentions money has been delayed for a third time. The...
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Network Rail is leading a change in public sector procurement by banning cash retentions and insisting on 28 days payment terms as part of...

Build UK, the Civil Engineering Contractors Association and the Construction Products Association have come out against supporting the Aldous Bill which is seeking to...

The second reading of the Aldous Bill, which aims to ring fence retentions in construction that was scheduled to be put before MPs today,...
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Political support for holding cash retentions in trust has soared, with more than 100 MPs already in favour of ring-fencing of retention monies. Cross-party...

Proposed parliamentary legislation designed to dramatically reform the controversial practice of payment retentions in the construction industry has been formally unveiled at a House...
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The Labour Front Bench Business Team has referred to the abuse linked to the practice of cash retentions in the construction industry as “scandalous”. Speaking...
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The UK construction industry’s financial crisis- with some large contractors in severe financial distress – has prompted a Conservative MP to act. Peter Aldous, MP...
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Research into the practice of cash retentions in the construction industry has found that an estimated £7.8 billion of retentions has been unpaid across...