Construction (Retention Deposit Schemes) Bill published

Construction (Retention Deposit Schemes) Bill published

The Construction (Retention Deposit Schemes) Bill 2017–19 has been published ahead of its second reading, which is expected to take place on 27 April 2018.

The Construction (Retention Deposit Schemes) Bill is aimed at the safeguarding of cash retentions withheld in connection with construction contracts. It was introduced to the House of Commons on 9 January 2018 by Peter Aldous MP as a Private Member’s Bill—see News Analysis: Construction (Retention Deposit Schemes) Bill takes first steps.

Ahead of its second reading, the Bill has now been published (a copy is available here). If passed, it would add new sections 111A and 111B to the Housing Grants, Construction and Regeneration Act 1996 (HGCRA 1996)—see below for more information.

The second reading will be the first time the Bill is debated, and Members of Parliament will have the opportunity to agree to or reject it in principle. While relatively few Private Member's Bills become law, this Bill has cross-party support and Carillion’s insolvency has highlighted the risks associated with current p

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author:

Jon is a Professional Support Lawyer at LexisNexis, specialising in construction law.

Jon trained at Hogan Lovells and qualified into the construction disputes team there in 2011. He joined LexisNexis in February 2016. Jon has experience of acting for various parties (including employers, main contractors, subcontractors and project managers) in relation to disputes arising out of construction and engineering projects in various jurisdictions. Jon has acted for clients in TCC litigation, arbitration, adjudication and mediation as well as providing advice on various aspects of construction and engineering projects.