🚨The UK Government proposes ban on retention payments in construction contracts
Date: Tue, 24 Mar 2026 12:21:41 GMT
Summary: The Department for Business and Trade (DBT) in the UK has proposed a ban on retention payments in construction contracts, which are fees withheld from contractors to ensure project completion. This change aims to alter current payment practices in the industry.
Category: Regulatory Change
Impact Level: High
Key Actions: Review current contracts for retention clauses; prepare for contractual adjustments if the ban is enacted.
https://t.co/rMej1OcvYf
#Construction #RetentionPayments #SmallBusinesses #
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More than 50% of US Small Businesses are Unaware of Federal Government Contracts, Losing $84 Billion a Year in Valuable Deals!
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📍 If your #smallbiz is in a historically underutilized business zone, it may be eligible for the HUBZone program, which helps small businesses compete for set-aside federal contracts!
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🎉 Happy #SmallBusinessMonth!
Here's to celebrating the heart and soul of our economy & communities—entrepreneurs and small business owners! Your hard work, creativity, and resilience fuel our economy and inspire us all. Let's support small local businesses this May and beyond!
🙌 With all this talk about the #eclipse —raise your hands if you want the United States Space Force to be your next client?!
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The #IRS grants tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides and mudslides that began on Nov. 20, 2023. See https://t.co/YWpqhxJibv
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The U.S. government is the largest customer in the world, representing a big growth opportunity for small businesses across America!
Learn how contracting assistance programs can help you compete for and win federal contracts: https://t.co/igadrYiFNV
A #TaxSecurity reminder: Take the strongest actions possible to safeguard your systems and data. On this #MomandPopBusinessOwnersDay, learn more from #IRS at https://t.co/As8p8XPnUd
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#WomenInBusiness: Compete for (and win!) federal contracts through the Women-Owned Small Business program!
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