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Tag : The Construction (Retention Deposit Schemes) Bill

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  • mppeteraldous

    The Retentions Bill: what will amendment mean for industry?

    News9 January, 2018

    MP Peter Aldous has presented the first reading of the Construction (Retention Deposit Schemes) Bill in parliament today that seeks to amend existing regulation to put a statutory obligation on any group withholding cash retentions to use an approved deposit scheme.

  • parliament lit up

    High hopes as Retentions Bill is presented to parliament

    News9 January, 2018

    A new bill mandating that all cash retentions from construction work are held in deposit protection schemes receives its first reading in parliament today.

  • 3093542 parliament and bridge day

    Delayed second hearing of retentions reform bill set for March 8

    News30 January, 2019

    A second reading of a bill that would legally mandate the ringfencing of cash retentions is currently scheduled for March 8 with supporters claiming that the chairs of 15 influential select committees are among parliamentarians to have now expressed support.

  • hard hat and boots

    BESA: 60+ construction bodies in support of retentions bill after Carillion collapse

    News14 March, 2018

    BESA has said that more than 60 construction and maintenance trade bodies have now lent their support to the Construction (Retention Deposit Schemes) Bill that was introduced to parliament in January as a means to reform payment within the construction supply chain.

  • parliament dusk

    BESA seeks to capitalise on MP support for retentions reform

    News17 April, 2018

    BESA has claimed that over 100 MPs have now expressed support for efforts to ring-fence cash retentions. The claims have been made as the organisation seeks to push regulatory reforms through parliament that would mandate the use of third party deposit schemes.