Construction (Retention Deposit Schemes) Bill 2017-19
A Bill to make provision to safeguard, and for the release of, cash retentions in the construction industry; and for connected purposes.
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
Construction Retention Reform (UK)
Construction (Retention Deposit Schemes) Bill 2017-19
A Bill to make provision to safeguard, and for the release of, cash retentions in the construction industry; and for connected purposes.
More Insights
Construction Retention Reform (UK)
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.
