Sir, I am employed in a managerial position with a small specialist company.
Too much of my time is spent trying to recover retention monies due to the company.
The standpoint of main contractors on retentions raises a big question for me. If main contractors recognise the unfairness of retentions, why are they not joining the campaign against the practice?
In my experience there is only one answer to this - greed.
They take the view that it is an extra discount and make it very difficult by devious methods, ie trying to find out the correct person to speak to and giving out different phone numbers and locations, and the old favourite 'we have not had the job signed off yet'.
After two years or longer, they hope that you will give up. It is small companies that are taking the brunt of this problem and it does nothing to improve their cash flow.
This practice needs to be stopped dead in its tracks.
Again, it is the big boys who call the shots. There has to be a fairer system and solution.
As far as the Government's 'smoke screen' is concerned, the smoke is blowing back in their eyes.
A E Robinson Bournemouth Dorset