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Tag : Construction (Retention Deposit Schemes) Bill

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  • cash magazine

    BEIS Committee demands late payment and retentions policy overhaul

    News5 December, 2018

    Parliament’s Business, Energy and Industrial Strategy (BEIS) Committee has urged the government to bring forward proposals to introduce mandatory project accounts with a mechanism to independently release cash retentions owed to contractors.

  • 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.