Cash retention – the withholding of a percentage of payment on construction work until it is completed free of defects – is intended to provide security to the industry’s clients that any defects will be rectified appropriately.
However, retentions are problematic for all parties in the supply chain and generally do not provide an appropriate or proportionate mechanism for ensuring quality and fair payment.
To deliver zero cash retention.
To develop and implement an industry-led roadmap to phase out the use of cash retentions in construction by 2023.
Build UK response to Government consultation on retentions
Build UK member consultation on roadmap to zero cash retentions
Expected Government response to consultation
Exploration of alternatives to retention
Build UK members to adopt minimum standards on retention
Latest project updates
Build UK and CECA Response to Retentions Consultation
To see the response from Build UK and CECA on Retentions Payments in the Construction Industry, click here.
Build UK responded to Government consultation
Build UK held two Member Briefings and published summary of discussions
Payment Group supported roadmap to zero retention.
Government published consultation on the use of retention with proposal to create a retention deposit scheme.
Retentions Working Group signed off roadmap to zero retention
How to get involved
To input to this project please contact info@BuildUK.org