Will the proposed retention deposit scheme ease pressure?May 2018
Following the introduction of a Private Members Bill to protect retentions, draft wording to legislate for a retention deposit scheme has been published.
We have previously reported on the Government’s consultation on the use of cash retentions in the construction industry, which concluded in January 2018. In this article, James Vernon considers the draft Construction (Retention Deposit Schemes) Bill and how the new scheme will have an impact on the construction industry.
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