News tagged retentions
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Retentions ban: no holding back
A ban on retentions in construction contracts has taken a step closer to becoming a reality The post Retentions ban: no holding back appeared first on Construction News.
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Payment bill puts 50% price on retention breaches
A 50 per cent penalty on active retentions outlined in proposed new payments laws should force any firms still using the measure to change their approach, lawyers have said. The Small Business Protections Bill, published yesterday (19 May), includes a ban on retentions after a… The post Payment bill puts 50% price on retention breaches appeared first on Construction News.
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Retentions axe will take three years to fall
Payments Bill sets out transition period before cash retentions finally outlawed
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Retentions ban bill to be tabled in Parliament today
The government is formally introducing legislation today that would ban retentions under construction contracts as part of a wider crackdown on late payments to small firms. The Small Business Protections Bill, officially known as the Commercial Payments Bill, would also cap payment terms at 60… The post Retentions ban bill to be tabled in Parliament today appeared first on Construction News.
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Ministers introduce legislation to crackdown on late payments
Bill would see government deliver promise to ban retentions
Resources tagged retentions
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Contract Retentions Legislation - Unintended consequences?
A commentary by Pinsent Masons Solicitors published on 2nd April 2026 regarding the UK Government's proposed new legislation to ban contract retentions
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CN - Five years of inaction on retentions reform is totally unacceptable, 022023
Rudi Klein gives his view on retentions and the impact it has on supply chain firms
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Building Magazine - Payment abuse: let's fix it, 02092020
Rudi Klein highlights that little action has been taken to improve payment practices following the Government's consultation on retentions in 2017
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