What happens if the Retention Deposit Scheme becomes insolvent?
UK Retention Deposit Scheme
The UK Retention Deposit Scheme is an independent scheme for the protection of retentions under construction contracts.
We provide segregated bank accounts for construction retentions under standard-form and bespoke construction contracts in England and Wales.
No-cost retention protection
Funds safeguarded at the Bank of England
Open an account for free, online, 24/7
No-cost retention protection
Funds safeguarded at the Bank of England
Open an account for free, online, 24/7
UK Retention Deposit Scheme
What happens if the Retention Deposit Scheme becomes insolvent?
Frequently Asked Questions
Your funds are held safeguarded and are separate from the operational funds of DOS & Co. Ltd., the scheme provider. In the unlikely event of its insolvency, your funds are not available to its creditors and the administrators would contact you to arrange the return of your funds from the Bank of London, where they are held safeguarded in the Employer's name.
For Employers
Support your supply chain and ring-fence your Contractor's retentions.
For Contractors
Secure your retentions and ensure prompt release in line with your contract.
For Sub-Contractors
Protect your retention and insulate yourself from Contractor insolvency.
