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Viewpoint: Retentions Continued from page 26 retention fees during the course of a year. Although perhaps not such an issue for larger companies, for lesser-established contractors, receiving or being withheld a project fee could be the difference between staying in business and bankruptcy. Industry consultation The Construction Leadership Council (CLC) is addressing the retention issue as part of a survey to discover how payment reporting is working within the sector. This will help inform a government consultation: ‘Amendments to the Payment Practices and Performance Regulations 2017’. The regulations were devised to ensure large business compliance in respect of prompt payments. With the legislation due to expire in 2024, the consultation will help decide whether it should continue beyond that date. In data published by Build UK under the government’s ‘Duty to Report on Payment Practices and Performance’, there are positive signs for payees since the information was first reported in July 2018. It revealed a reduction in the average time invoices were paid, from 45 “For lesser-established contractors, receiving or being withheld a project fee could be the difference between staying in business and bankruptcy” days to 30 days. It also showed the number of invoices being paid within 60 days increased from 63% to 80%. As part of its advocacy for a shake-up of construction industry payment regulations, Build UK has also devised a roadmap that proposes a move to zero retentions by no later than 2025. Transformative change Thanks to initiatives instigated by the likes of the CLC and Build UK, the case for a revision of late payment practices continues to strengthen throughout the industry. But complacency will not lead to a positive outcome. Speaking to ‘Construction Management’ website, Steve Bratt, Chair of the CLC Business Models Workstream, said much work was needed to deliver ‘next level transformative change’ to improve payment behaviours. According to Steve, who is also Chief Executive of the Electrical Contractors Association, a step in the right direction in respect of transparency would be for a widening of the Duty to Report on Payment Performance Regulations to include the value of retention payments made, as well as the volume. I agree. Being found to maintain a veritable mountain of retention payment to smaller businesses would not represent a good look for any of our large contractors. But would it solve the issue in the long run? I’m not so sure. For my part, I’ve been feeding my thoughts and that of other roofing contractors to the NFRC regarding the retention process. So, let’s hope we see real progress on this long-standing matter before long. Contact BriggsAmasco briggsamasco.co.uk 0121 502 9600 Briggs Amasco Ltd 28 TC DECEMBER <strong>2023</strong>
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Page 1 and 2: DECEMBER 2023 Feeling you are at a
Page 3 and 4: Editor’s Intro MATT DOWNS EDITORI
Page 5 and 6: REGULARS 12 NFRC ROOFING TALK Ruth
Page 7 and 8: WestWood Liquid Technologies Limite
Page 9 and 10: STILL THE MARKET LEADER PRICE DROP
Page 11 and 12: UNROLL YOUR POTENTIAL Become accred
Page 13 and 14: TAKE YOUR ROOFING BUSINESS TO THE N
Page 15 and 16: “THE NEW COMPETENCE REQUIREMENTS
Page 17 and 18: Maximum reliability. Minimum fuss.
Page 19 and 20: “2023 HAS BEEN A YEAR OF REGULATO
Page 21 and 22: “THE LRWA IS POISED TO COLLABORAT
Page 23 and 24: LEARN MORE You may just see a roof.
Page 25 and 26: The Liquid Roofing & Waterproofing
Page 27: MANUFACTURERS OF PVC SINGLE PLY MEM
Page 32 and 33: Flat Roofing CELEBRATING 100 YEARS
Page 34 and 35: An ever-increasing number of househ
Page 36: Pitched Roofing WE CONTINUE TO INVE
Page 39 and 40: Roofing Updates CCPI FOR JB RED For
Page 41 and 42: you’ve e hired you’ve hired the
Page 43 and 44: TC: What are some of the most commo
Page 45 and 46: LOOKING FOR AN ALTERNATIVE SUPPLIER
Page 47 and 48: DON’T BE CONSTRAINED BY 100MM CAV
Page 49 and 50: A central requirement of the Buildi
Page 51 and 52: FORMULA HIGH PERFORMANCE MARKETING
Page 54 and 55: Workwear Choices POOR QUALITY WORKW
Page 56 and 57: Workwear Choices Continued from pag
Page 58 and 59: Updates For further info on all the
Page 60: WITH SIDERISE ® Global experts in

December 2023

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