Late Payments Consultation
The Department for Business and Trade launched a consultation in July seeking views on proposed legislative measures to ensure companies pat their suppliers quickly and on time.
The proposed measures include introducing one of two options related to the use of retention clauses in construction contracts: either prohibiting the use of retention clauses in construction contracts; or the introduction of requirements to protect retention funds deducted and withheld from insolvency and late or non-payment.
The consultation remains open for one more week and closes at 11:59pm on 23 October 2025.
