Heating and Ventilating

 

Construction cash retention's to be debated in Westminster

Alan Brown, MP for Kilmarnock and Loudoun, has secured a Westminster Hall Debate on the use of Cash Retentions in the Construction Industry on February 27 at 3pm.

The debate will argue that Government should decide on a solution to the issue of cash retentions, following their public consultation in 2018. It will highlight the need for legislation that can protect cash retentions and remind of the risk for construction SMEs if no action is taken.

The Specialist Engineering Contractors’ (SEC) Group has been urging the government to introduce legislation to protect or ring-fence cash retentions to remove the insolvency risk and ensure that retentions are released on time.

Together with a consortium led by Pay2Escrow and including a global insurer, a major UK university, industry participants and a specialist technology partner, SEC Group has been supporting the development of a retention deposit scheme (Retention Deposit Clearing House).

The debate is expected to last 90 minutes and it will take place at Westminster Hall; it can also be followed at Parliament TV.

21 February 2020

Comments

Already Registered?
Login
Not Yet Registered?
Register

Government response to Future Home Standard welcomed

Kensa Group has welcomed the Government’s response to the recent Part L Future Homes Consultation published on January 19, which states that from 2025, no new homes will be built with fossil fuel heating such as a natural gas boiler....

  22-Jan-2021

Dual Channel Technology ensures sensor accuracy

BAPI’s C02 sensors are designed to be used in 24/7 applications and do not need annual calibration due to the use of Dual Channel Technology....

  18-Jan-2021

Humidity Solutions' Desiccant Dehumidifier is Winner of Sustainable Product of the Year

The desiccant dehumidifier for use in Lithium-ion Battery Production has won Sustainable Product of the Year in the HVR Awards 2020.
  20-Oct-2020
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

https://www.heatingandventilating.net/cash-retentions-to-be-debated-in-westminster