From 08:00 AM to 10:30 AM on 20 June 2018
“Reform is urgent before more companies go bust and the housing crisis reaches boiling point.” Alexi Ozioro, BESA’s Policy Co-ordinator
Join us at our latest breakfast seminar on Wednesday 20th June in Reading. on ‘Retentions and Payment – Know your Rights’, hosted by Clarkslegal and BESA.
You’ll undoubtedly have seen recent news about the ‘Aldous’ bill on retention payments and that its second reading has been pushed back to 15th June. The bill has gathered significant industry support. There are high hopes this and other initiatives will lead to positive change in payment regimes.
The ‘Aldous Bill’ seeks to amend the 1996 Construction act. It aims to ensure retention money is held in a deposit protection scheme. This should solve the issue of upstream insolvency.
The average contractor has £27,000 withheld per year in retentions. The proposed changes will reduce the working capital held up in retentions. It should allow companies to invest in apprentices and training, and improve productivity and quality.
Join legal and industry experts from BESA, Clarkslegal and PayApps this June as they cover:
Places are limited. To register, please register online or email firstname.lastname@example.org