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.

The Construction Supply Chain Payment Charter, introduced by the Construction Leadership Council, sets out an ambition to move to zero retention by 2025.

Objective

To deliver zero cash retention within construction.

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

Roadmap To Zero Retentions

Latest version of the Build UK roadmap to zero retentions

Build UK position in relation to the ‘Aldous’ Bill

A letter to the Small Business Minister

Response to Government Consultation

Build UK and CECA response to the Government consultation on retentions

Government Consultation

Consultation on Retention Payments in the Construction Industry

How to get involved

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