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Tag : MP Peter Aldous

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  • 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.

  • cash

    SEC Group welcomes MP’s proposal for project bank account law

    News16 January, 2019

    The Specialist Engineering Contractors’ (SEC) Group has backed proposed legislation introduced to parliament this week that would require government and other public sector contracts to make use of project bank accounts.

  • 3093542 parliament and bridge day

    BESA claims over 200 MPs now support retentions reform efforts

    News28 August, 2018

    With a second reading of a bill that would make it mandatory to hold retentions in third party schemes set for October, the industry body expects further support from MPs to push for change

  • cash

    Network Rail end to retention use could be “game changer” in HVAC payment reform push

    News21 June, 2018

    Network Rail’s pledge to reform prompt payment practices and abolish the use of retentions in its contracts has been hailed as a strong template for the wider construction industry and building services sector to follow.

  • money monies cash finance coins notes funding

    Retentions bill reading pushed back until October

    News19 June, 2018

    A second reading in parliament of a bill intended to ringfence cash retentions within the construction supply chain will be further delayed until October, with trade bodies supporting the bill hoping to use the time to build wider consensus among MPs to push for reform.

  • retentions petition

    Second reading of retentions bill pushed back to June

    News26 April, 2018

    A second reading in parliament of a bill that would mandate the use of accredited third-party deposit schemes to hold cash retentions has been postponed until June 15 after originally being scheduled for this week.

  • 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.

  • calculator pen accounts

    BESA demands immediate regulatory action over late payments

    News26 March, 2018

    The UK government is being urged by a key building services body to immediately introduce legislation to tackle the practice of late payments within the construction supply chain, rather than delaying potential reforms in favour of voluntary commitments or further consultations.

  • 20 pound note close up

    Chancellor’s late payment pledge “timely”, says BESA

    News20 March, 2018

    BESA has said a recent pledge from chancellor Phillip Hammond to support apprenticeships and tackle the issue of late payments is “timely” as it seeks to pass a new bill into law that reforms how cash retentions are managed.

  • 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.

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