Aldous Bill

Almost one in three MPs support the Aldous Bill, which looks to reform cash retentions in the construction industry

207 MPs, that’s almost one in three, now support the Aldous Bill which looks to secure support for reforming cash retentions in construction. The backing comes alongside an unprecedented coalition of over 80 industry bodies and trade associations, representing over 580,000 businesses and sole traders. This is the largest fair payments campaign ever formed in […]

Read More

More than one in four MPs support the Aldous Bill which looks to reform retentions

More than one in four MPs now support the Aldous Bill, which shows unprecedented support for reforming retentions. The second reading of the Bill has been moved to 26 October which has been welcomed by key supporters of the Bill, as it enables the growing list of supporters to continue to make the vital case for […]

Read More

Snap poll shows sub-contractors face huge losses after Carillion collapse

New data obtained by the Building Engineering Services Association (BESA) and the electrotechnical and engineering services trade body ECA, shows Carillion sub-contractors are facing huge losses. Carillion owes around £75 million to around 80 engineering services firms, who provide vital services such as electrical, plumbing, gas, fire and security, and heating and ventilation. The overall losses […]

Read More

Carillion collapse highlights urgent need to resolve retentions issues – says industry bodies

The liquidation of construction giant Carillion could lead to potentially catastrophic losses for thousands of SMEs, according to the Building Engineering Services Association (BESA) and the electrotechnical and engineering services trade body ECA. According to its latest set of accounts, Carillion was holding over £800m in retentions payments owed to sub-contractors. There is growing alarm […]

Read More

New 'Aldous Bill' plans to protect SMEs from being stung by payment retentions

Proposed parliamentary legislation designed to dramatically reform the controversial practice of payment retentions in the construction industry was formally unveiled at a House of Commons briefing. The ‘Aldous Bill’, which is being introduced under the ‘Ten Minute Rule’ by Peter Aldous MP seeks to amend the 1996 Construction Act to ensure retention money is held in […]

Read More

Form not found, form id :279