Posts tagged with ‘retentions’

  • Carillion collapse adds urgency to resolving retentions issues

    By Debbie Eales on January 15, 2018
    The liquidation of construction giant Carillion could lead to potentially catastrophic losses for thousands of SMEs, according to the Building Engineering Services Association (BESA) and the electrotechnical and engineering services trade body ECA. According to its latest set of accounts, Carillion was holding over £800m in retentions payments owed to sub-contractors. There is growing alarm that much of this money […]
  • FETA welcomes first reading of retentions bill

    By Debbie Eales on January 10, 2018
    The Federation of Environmental Trade Associations (FETA) has welcomed the first reading of a new retentions bill in parliament on 9th January 2018. The ‘Aldous Bill’ has been introduced under the ‘Ten Minute Rule’ by Conservative MP for Waveney Peter Aldous, and has received cross-party support from 12 sponsoring MPs, including Sir Henry Bellingham (Conservative), Barry Sheerman (Labour), Caroline Lucas […]
  • MP’s new Retentions Bill ‘can boost apprenticeships’

    By Debbie Eales on December 15, 2017
    BESA fully support Peter Aldous’ Bill to protect construction SMEs A new parliamentary Bill, being introduced under the Ten Minute Rule by Peter Aldous MP, has the potential to deliver thousands of new apprenticeships, according to the Building Engineering Services Association (BESA). The Bill’s first reading will be on January 9th. The Bill seeks to amend the 1996 Construction Act […]
  • Survey: Over half of SMEs still hit with retentions

    By Debbie Eales on November 20, 2017
    Findings come as government considers reform of retentions system Nearly six in 10 engineering services businesses (56 per cent) say that a substantial portion of their turnover is currently being held by firms up the supply chain, according to new survey findings from the BESA, ECA and SELECT. Almost one in three businesses (32 per cent) responding to the survey, […]
  • Trade bodies urge Chancellor to support SMEs in Budget

    By Debbie Eales on November 2, 2017
    BESA and ECA issue five-point plan ahead of Budget on Wednesday 22 November With the Autumn Budget due to be announced in just three weeks time, the ECA and the BESA have called on Chancellor Philip Hammond MP to take action to support small and medium sized businesses in the construction industry. The two leading engineering services trade bodies have […]