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Confederation Comment - Retention Madness!

 

 

 

Retention Madness!

December 2017

 

The Department for Business, Energy & Industrial Strategy (BEIS) have reported in their ‘RETENTION'S IN THE CONSTRUCTION INDUSTRY BEIS Research Paper 17’ that £700 million worth of cash retention has been lost in construction over a three-year period because of insolvencies. Significantly, 44% of surveyed contractors had experienced retentions being withheld in the last three years because of upstream insolvencies.

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