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Cabinet Office urged to address 'lack of visible diversity' on standards watchdog

Cabinet Office urged to address 'lack of visible diversity' on standards watchdog
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Roofing firms subject to £300m of retentions

Roofing and cladding contractors are saddled with retentions to the tune of £300m,
Construction News can reveal.
The survey by the National Federation of Roofing Contractors (NFRC) of 200 of its members revealed an average of 5.8 per cent of a contractor s turnover is held in retention. This equates to around £300m in retentions across firms in the building envelope market, the trade body claimed.
NFRC chief executive James Talman said the continued use of retentions risked a cashflow crunch during which firms will start going to the wall .
There are many, much more appropriate ways of guaranteeing quality that doesn t tie up so much of a sub-contractor s working capital, yet the industry clings onto this outdated system, he said. The government must set the example by removing retentions entirely from all its own contracts – as well as through any government-supported schemes such as Help-to-Buy. We need more than just high-level statements, but firm co ....

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Whitehall not keeping data on 'retentions abuse'

The UK Government is not collecting data on the use of cash retentions in the public sector, it has emerged.
The hands-off approach to the divisive issue of retentions in the industry was highlighted in a series of written answers to parliamentary questions published this week. They also revealed that it offers no guidance on the topic to procuring bodies and has no plans to include it in its Construction Playbook, which sets out best practice for public contracts.
Construction commentator Rudi Klein said the answers show the government is doing nothing to curb “retentions abuse”.
Lord Martin Callanan, a junior minister at the Department for Business, Energy and Industrial Strategy, said on Tuesday that the government is working with the Construction Leadership Council “to identify a sustainable strategy on retentions”. ....

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