Retentions - The BESA
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Retentions Bill

A dedicated area highlighting BESA's efforts to address the issue of retentions in the built environment...

A parliamentary Bill on retentions backed by BESA and the ECA was introduced by Peter Aldous MP on 9 January.

The Construction Retention Deposit Scheme Bill aims to amend the 1996 Construction Act and ensure that retentions within construction are held in a secure deposit scheme. A key aim will be to help protect companies in the construction supply chain from insolvency and payment uncertainty.

 

The first reading of the Bill in Parliament was on 9 January 2018 and passed unopposed in the House of Commons. The second reading is scheduled to take place on 27 April.

 

THE ‘AYES’ HAVE IT! RETENTIONS BILL PASSES FIRST READING

On 9 January the Bill passed its First Reading in Parliament unopposed. This means that the Construction Retention Deposit Schemes Bill will now move to its second reading, scheduled for 27 April.

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Write to your local MP

Write to your local MP to support the retentions bill by downloading our letter template.

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Deposit protection scheme could provide boost for builders

National coverage of our retentions bill from The Telegraph...

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SENIOR MP TO INTRODUCE BILL TO HOLD RETENTION MONIES IN TRUST

We're fully supporting Peter Aldous’ Bill to protect construction SMEs...

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MP’S NEW RETENTIONS BILL CAN BOOST APPRENTICESHIPS

The retentions Bill has the potential to deliver thousands of new apprenticeships...

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HANDY GUIDES

We're backing a ‘Ten Minute Rule Bill,’ which looks to amend the 1996 Construction Act and ensure that retention monies are held in a third party trust scheme. But what is a Ten Minute Rule Bill?

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Our factsheet explains everything you need to know about retentions

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Why join BESA?

Find out more about how BESA can help your business and the benefits available to members.

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Find a BESA Member

Use our simple, fast member search function to find a BESA Member for your next project.

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Why Use a BESA Member?

Find out why you should use a BESA Member for your next project.

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