Background
Fair and transparent payment practices are essential for a thriving construction industry and a strong, resilient and sustainable supply chain.
That is why Build UK and its members support the industry ambition to move to zero retentions by the end of 2025. To achieve this, we are implementing a Roadmap to Zero Retentions with milestones to show that progress is being made.
Key Milestones Delivered
CLC Support
The Construction Leadership Council (CLC) has confirmed its support for the roadmap and encouraged firms within the industry and construction clients, in both the public and private sectors, to adopt the minimum standards.
Click here to view the CLC’s supporting statement
Public Sector Retention Policies
Build UK has collated the retention policies of major public sector clients to provide increased transparency. The information includes the cash retention percentage generally withheld and when the money should be released.
Minimum Standards on Retentions
Build UK has published minimum standards on retentions designed to reduce the existing challenges with their use. There is detailed drafting guidance for members to incorporate the minimum standards into both JCT and NEC forms of contract.