Parliamentary debate on retentions today
A Westminster Hall debate on ‘the use of cash retentions in the construction industry’ will take place today (27 February) at 3pm. This is the first parliamentary debate about cash retentions since 2016.
ECA and other industry partners have been actively pushing for government progress on retentions.
A statement from the government reads: “The responses and wider stakeholder engagement that took place during the consultation period illustrate the breadth of views within the sector on the practice of cash retentions, given the nature and complexity of the construction supply chain and the range of possible policy solutions.”
“We will continue to work with the construction industry and its clients to achieve a consensus on how to resolve the problems associated with cash retentions.”
Findings from the consultation will be released during the debate.