Articles & Information
Insights
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
Insights
Articles & Information
For the UK Retention Deposit Scheme
Construction Retention Reform (UK)
Construction Industry (Protection of Cash Retentions) Bill 2016-17
On 26th April 2017, SNP MP Alan Brown introduced a Bill under the 10-minute rule proposing to safeguard construction retentions. It failed during the Brexit-related general election.
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.
