Retention Reform and the Future of Construction Payment Practices
Blog Author: Chiara Pieri – Senior Associate, CMS Cameron McKenna Nabarro Olswang LLP “There must be a ‘cash flow’ in the building trade. It is the very lifeblood of the enterprise.” So observed Lord Denning MR over fifty years ago in Dawnays Ltd v F.G. Minter Ltd [1971] 1 WLR 1205 – words as pertinent today as then. It is precisely the issue of cash flow and its systematic disruption by late payment practices that the Government’s reforms now seek to address. In March 2026, the Government…