Government consults on cash retentions in the construction industry

Walter Menteth; Neal Morris

Government consults on cash retentions in the construction industry

Walter Menteth, Neal Morris

Research output: Contribution to specialist publication › Article

Abstract

Architects are being encouraged to support the introduction of a retentions deposit scheme aimed at putting an end to the practice of payments being withheld for an unreasonable length of time, and to eliminate altogether the risk of losing retentions through contractor bankruptcy. According to the government’s own figures, almost £8 billion of cash retentions have remained unpaid over the last three years. In 2015, it is estimated that £45m worth of cash retentions
were lost to supply team members because of upstream insolvencies.

Original language	English
Number of pages	4
No.	January 11, 2018
Specialist publication	RIBA Members Newsletter & Website
Publisher	RIBA
Publication status	Published - 11 Jan 2018

Keywords

Cash retentions
sub-contracting
architecture
procurement
competitions
policy

Access to Document

https://www.architecture.com/knowledge-and-resources/knowledge-landing-page/government-consults-on-cash-retentions-in-the-construction-industry

2 Book
1 Chapter (peer-reviewed)
1 Article

Why engaging with procurement is fundamental: unlocking capacity and talent to deliver better quality and sustainability
Menteth, W., 1 Sept 2019, Defining Contemporary Professionalism: For Architects in Practice and Education. Jones, A. & Hyde, R. (eds.). London: RIBA Publishing, p. 174-177 4 p.
Research output: Chapter in Book/Report/Conference proceeding › Chapter (peer-reviewed) › peer-review

Open Access
Competition Culture in Europe: Voices
Menteth, W. (Editor), 26 May 2018, London: Project Compass CIC. 156 p.
Research output: Book/Report › Book

Open Access
File
Passing the buck: The new construction crisis: Huge problems with quality in UK construction is apparent. Action must follow.
Menteth, W., 19 Mar 2017, Project Compass.
Research output: Contribution to specialist publication › Article

Open Access
Procurement: case studies
Menteth, W., Jan 2012, London: RIBA. 27 p.
Research output: Book/Report › Book

Open Access

Delivery is an essential part of Design
Menteth, W. (Speaker)
25 Apr 2017
Activity: Talk or presentation types › Invited talk

File
An Essential Guide to Public Procurement: Better Prospects + More Opportunities.
Menteth, W. (Keynote speaker)
1 Feb 2017 → 29 Nov 2017
Activity: Talk or presentation types › Invited talk

File
Construction Industry Summit
Menteth, W. (Invited speaker)
20 Dec 2016
Activity: Participating in or organising an event types › Participation in conference
Collaboration and Partnering in Irish Construction Procurement
Menteth, W. (Presented paper)
15 Oct 2016
Activity: Participating in or organising an event types › Participation in conference

RIBA procurement plans
Menteth, W.
25/09/13 → 14/11/13
9 Media contributions
Press/Media: Expert comment

Cite this

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Government consults on cash retentions in the construction industry

Abstract

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Research output

Activities

Press/Media

Cite this