This bill abolishes the practice of construction companies withholding payment (retentions) as security. Any withheld sums must be paid within 7 working days of when they were due.
A Bill to make provision for the abolition within construction contracts of the practice of allowing the paying party to withhold, as security against the risk of contractual non-performance by the other party, sums which would otherwise be due; and for connected purposes
Status: In Progress
Current House: Lords
Stage: 1st reading
Sponsored by: Lord Aberdare
Introduced: 2021-10-25