cash retentions

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...
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MPs have urged the Government to reveal how they are going to deal with cash retentions, an issue affecting the livelihood of small firms...
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An analysis of the accounts of the UK’s top 12 construction companies has revealed that the nine which published separate figures for retentions are owed...

One of the themes in the Enterprise Bill relates to payment practices with the small business commissioner being tasked with adjudicating payment complaints against...
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Calls for cash retentions to be placed in a ring-fenced or protected account so they are not misused have been made by Professor Rudi...