Actuate UK welcomes Government consultation on retentions & late payments
Engineering services alliance, Actuate UK, welcomes the new Government consultation on reforming cash retentions and taking legislative measures against late payments to small businesses, as part of the new Small Business Plan. Withholding retentions across the supply chain has been an outdated practice which disproportionally impacts the cashflow of small businesses across the construction. Actuate UK and its members will now widely consult and submit a response supporting a solution that is fair, enforceable and sustainable.