Lord O'Neill of Clackmannan (pictured) has insisted that the Olympic Games should be entirely retentions-free.
Speaking at the annual All Party Parliamentary Building Services Group luncheon earlier this week, Lord O'Neill congratulated the Olympic Delivery Authority (ODA) on its decision not to impose retentions on first-tier contractors, but said this must be followed through to all sub-contractors.
'The ODA must make sure that retentions are absent not just on the first-tier but the whole supply chain. The move is welcome but we will stay on the case,' he said.
'We're grateful the new ministry has sent a senior representative and we are investing hope in the changes that are being made.
'We feel the industry can rise to the occasion in a variety of situations from sustainability to major projects and more.'