{"id":68818,"date":"2019-12-05T14:32:00","date_gmt":"2019-12-05T14:32:00","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=68818"},"modified":"2019-12-05T14:32:00","modified_gmt":"2019-12-05T14:32:00","slug":"cash-retention-consultation","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/cash-retention-consultation\/68818\/","title":{"rendered":"Scottish government opens consultation on cash retention in construction"},"content":{"rendered":"

The Scottish government has opened consultation on the use of cash retentions within construction contracts<\/h2>\n

The Scottish government has agreed to a review of retention payments<\/a> after hearing concerns expressed by parts of the industry. It commissioned research from management consultant Pye Tait<\/a> to support the review and the report is published alongside the consultation.<\/p>\n

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    Consultation overview<\/span><\/h3>\n<\/li>\n<\/ol>\n

    There is evidence that some payment practices prevalent in the construction industry are a barrier to investment, productivity improvements and growth.<\/p>\n

    Following concerns expressed by parts of the industry, the Scottish government has agreed to undertake a review of retention payments. Research from Pye Tait illustrates the challenges with retentions \u2013 in particular understanding the extent to which this practice has a negative impact and what solutions would be effective in addressing this.<\/p>\n

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      Why the Scottish government is consulting<\/h3>\n<\/li>\n<\/ol>\n

      The purpose of this consultation is to seek information on the practice of cash retention in public and private sector construction contracts in Scotland and to gather views on the findings of the supporting documentation.<\/p>\n

      A number of key issues were identified by the research:<\/h4>\n