Reminder – RETENTION PAYMENTS in the Construction Sector

29/11/2017

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Reminder – RETENTION PAYMENTS in the Construction Sector – govt consultation

This consultation is open until 19th January 2018. If you don’t have your say – you can’t change anything. The purpose of this consultation is to seek information on the practice of cash retention under construction contracts and gather views on the findings of the supporting documentation.

 

The consultation is relevant to any party to a commercial construction contract as defined by the construction contracts legislation. It is also relevant to adjudicators, arbitrators and lawyers. While this consultation concerns construction specific legislation it may also be relevant for those with an interest in prompt payment more generally and to insolvency practitioners. The legislation does not apply to residential occupiers.