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ARTICLE · 09 FEBRUARY 2018

2018 – The Year Ahead

Clyde & Co
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The UK Government's Department for Business, Energy and Industrial Strategy is due to complete its consultation on the 2011 amendments to the Housing Grants Regeneration and Construction Act 1996 in January 2018.

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Clyde & Co LLP
Clyde & Co LLP
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UK

The UK Government's Department for Business, Energy and Industrial Strategy is due to complete its consultation on the 2011 amendments to the Housing Grants Regeneration and Construction Act 1996 in January 2018. It will be interesting to see to what extent industry participants recommend changes to the regime and if any of these changes will be taken on board.

At the same time, the UK Government is due to complete its consultation into retention practices in the UK. There is currently no regime that regulates retention in the UK and contractors and subcontractors have been calling for change for a number of years.

A key issue is the practice of paying retentions unjustifiably late or not at all, placing parties down the supply chain under significant pressure. As a result, 2018 could see retention practices significantly altered within the UK construction industry.

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