Retention Reform in the UK Construction Industry
Sector: Road • Location: United Kingdom
Source: Highways Today
The UK Construction (Retention Deposit Schemes) Bill 2017-19, also known as the Aldous Bill, aims to reform the practice of retaining a percentage of the value of work carried out in construction contracts. The bill proposes the creation of a mandatory retention deposit scheme to protect retention monies and prevent non-payment due to insolvencies.
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Status
Original status | ongoing |
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Taiyo last update | 00-00-0000 |
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Description
Description | The UK Construction (Retention Deposit Schemes) Bill 2017-19, also known as the Aldous Bill, aims to reform the practice of retaining a percentage of the value of work carried out in construction contracts. The bill proposes the creation of a mandatory retention deposit scheme to protect retention monies and prevent non-payment due to insolvencies. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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