cash retentions

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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...
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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...