Construction: Billing

(asked on 17th July 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to his Department's consultation entitled Retention payments in the construction industry, published on 24 October 2017, if he will make an assessment of the potential merits of introducing the policies proposed in that consultation.


Answered by
Sarah Jones Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 23rd July 2024

Small businesses are essential to our economic success.

This Government is committed to take action on late payments to ensure small businesses and the self-employed are paid on time. The practice of cash retentions can create problems for contractors in the construction supply chain, due to late and non-payment. Any policy solution must be a sustainable one that works for the industry.

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