Suppliers lose out over construction cash retention

The UK’s top 12 construction companies are owed over £1Bn in cash retentions by their clients but are passing 80% of the bill down the supply chain, estimates the Specialist Engineering Contractors’ Group.

To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account. See the panel to the right.

Subscribers to the printed magazine get access to the entire Construction law website.