UK Retention Deposit Scheme
FAQ's

What is the UK Retention Deposit Scheme?

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
UK Retention Deposit Scheme
FAQ's
No-cost retention protection
Funds safeguarded at the Bank of England
Open an account for free, online, 24/7
Subscribe to our newsletter
Discover the Scheme Rules.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
UK Retention Deposit Scheme

What is the UK Retention Deposit Scheme?

Frequently Asked Questions

The UK Retention Deposit Scheme is a privately-run, independent scheme for the protection of construction retentions in the United Kingdom.

It is run by DOS & Co., a legal and payment services firm that provides unrestricted legal services, escrow services and regulated payment services. DOS & Co. Ltd., the scheme provider, is registered in England and Wales, and also registered with the Financial Conduct Authority for the provision of payment services. You will find it on the Financial Services Register under Firm Reference Number 833374.

What happens if the Retention Deposit Scheme becomes insolvent?

How is the retention protected in a Retention Deposit Scheme account?

How does a Retention Deposit Scheme Account work?

Is the UK Retention Deposit Scheme a bank?

For Employers

Support your supply chain and ring-fence your Contractor's retentions.
Learn more

For Contractors

Secure your retentions and ensure prompt release in line with your contract.
Learn more

For Sub-Contractors

Protect your retention and insulate yourself from Contractor insolvency.
Learn more
Retention Protection Pledge Supporter Badge

We support the Retention Protection Pledge

Waiving retentions for contracts under £100,000
Protecting retentions for contracts over £100,000
Committing to fair practices in respect of retentions and payment
Learn more

As safe as houses.

We secure your retentions at the Bank of England

We don't lend, invest or leverage your retentions.  We simply hold all deposits in full and unencumbered at the Bank of England, always keeping them fully available on demand.

Learn more
  • Bank of England Britannia

    Retentions are safeguarded and protected from the trading activities of any underlying bank, meaning that even if the worst happens to a bank, or there is a run on its funds, or even if anything happens to us, your retentions are 100% secure.

Retention Deposit Scheme
Accounts For
EmployersContractorsSub-Contractors
About
Scheme RulesHow it worksArticles & InsightsFrequently Asked QuestionsContact Us
Thank you for providing your email address - we'll add you to the list.
Sorry, there appears to have been an error.  If you would like to be added to our list while we work on a fix, please complete the Contact Us form.
© 2024 DOS & Co. Ltd. All rights reserved