UK Construction Podcast
Join us for your weekly deep dive into the beating heart of UK construction.
From ground-breaking projects to game-changing innovations, the UK Construction Podcast brings you face-to-face with the industry's brightest minds and boldest thinkers.
Each episode features candid conversations with construction leaders, architects, engineers, and on-site experts who share their hard-won insights and behind-the-scenes perspectives. We cut through the noise to deliver actionable intelligence on market trends, emerging technologies, and the forces shaping British building.
Whether you're a site manager in Scotland or a quantity surveyor in Cornwall, tune in for:
- Exclusive interviews with industry pioneers
- Data-driven analysis of market trends
- Expert breakdowns of major projects
- Practical insights for construction professionals
Hosted by: The UK Construction Blog
Your essential companion for staying ahead in UK construction. Subscribe now and join the conversation shaping Britain's built environment.
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UK Construction Podcast
Retentions Are Costing the UK Construction Industry Up to 💰 £5 Billion a Year!!
Retentions have been used in UK construction since the 1840s. Yet today, many in the industry are questioning whether they still offer the security they once promised.
Originally introduced during the railway boom, retentions were meant to protect projects. Today, they’re locking up billions in unpaid funds and pushing contractors closer to insolvency. In fact, it’s estimated that £3 to £5 billion is held in retentions across the UK construction sector each year, with much of it never recovered.
In this episode, we sit down with Gary Ashton, Partner at Hawkswell Kilvington Solicitors which is one of the UK's few law firms focused solely on construction and engineering. Gary explains how retentions work, why they often go unrecovered, and what legal tools contractors have at their disposal.
We talk about:
✔️ How retention works in the UK and why it's so widely used
✔️ The legal and financial risks retentions create during insolvency
✔️ Why better contracts and clear payment terms matter
✔️ Alternatives like escrow accounts, project bank accounts and retention bonds
If you have ever lost money on a project or struggled to recover withheld payments, this episode offers practical insight and expert advice from someone who sees the impact every day.
Learn more about HK Legal here: https://hklegal.co.uk
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