I was interested to read a recent opinion piece in the construction press that painted the construction sector as an industry divided on the issue of retentions. A good read, but it completely missed the big picture which is that the construction sector is unanimous that retentions should be abolished. As usual, it’s in the fine print of implementation where there is some disagreement.
The danger with our lack of agreement on implementation is that it will allow the government to sit on its hands and take the ‘do nothing’ path once again. This can’t happen in a post-Carillion world where hundreds of sub-contractors so recently lost retentions to the failed Tier 1 contractor. Continue Reading →