Background

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.

Objective

To deliver zero cash retention.

Outcome

To develop and implement an industry-led roadmap to phase out the use of cash retentions in construction by 2023.

Timeline

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.

January 2018

Build UK responded to Government consultation

November 2017

Build UK held two Member Briefings and published summary of discussions

October 2017

Payment Group supported roadmap to zero retention.

October 2017

Government published consultation on the use of retention with proposal to create a retention deposit scheme.

July 2017

Retentions Working Group signed off roadmap to zero retention

How to get involved

To input to this project please contact info@BuildUK.org