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Half a million businesses support Aldous Bill

AAT become 80th body to support Bill on fair payment & retentions

30 May 2018

Support for the Aldous Bill continues to grow, with the significant addition of accounting body the AAT (Association of Accounting Technicians). The Bill seeks to end payments being withheld for unreasonable lengths of time and end the risk of losing retentions via contractor bankruptcy.

AAT are the 80th body to back the Aldous Bill, bringing the businesses and self-employed professionals the Coalition represents to over 550,000. The Coalition includes the FSB, Institute of Directors, British Chambers of Commerce and founding members BESA, ECA and SEC Group.

Conservative MP Peter Aldous introduced a Private Members Bill to put retentions in secure deposit schemes six days before the collapse of Carillion. The Bill now has support from over 150 Conservative, SNP, Plaid Cymru, DUP, Green, Liberal Democrat and Labour MPs.

Peter Aldous MP said:

“To have a body from the finance and accounting world on board is great. It confirms the economic value Retention Deposit Schemes would have, the day-to-day benefit it would lead to for thousands of small businesses and the clear industry appetite for reform.

“AAT represent a diverse range of financial experts, from blue-chip corporate giants and public sector institutions to micro-businesses and everything in between. I am very pleased to welcome them as the 80th organisation to back my Bill.”

Mark Farrar, AAT Chief Executive said:

“AAT is very pleased to support this much needed and long overdue campaign. Retentions seriously impact on the productivity of SMEs and in some cases their viability. They also serve to increase the overall cost of construction.

“Billions of pounds of SME cash is tied up in retentions that are held for unreasonable amounts of time. That is money which could be better put to use helping SMEs survive, grow and succeed. AAT therefore supports moves to ensure retentions are placed in a Government backed scheme, similar to the way shorthold tenancy deposits are currently saved.”

ECA Deputy Director of Business Policy & Practice, Rob Driscoll, commented:

“We are delighted to have one of the UK’s leading accountancy bodies now supporting urgent reform of retentions in construction. The coalition backing reform of payment and retentions has reached unprecedented levels and is without question the real voice of the industry. We urge Government to seize the day and take steps to guarantee reform in the construction industry - a key engine of growth - within this parliament and the long awaited Sector Deal.”

Alexi Ozioro, BESA Public Affairs and Policy Manager said:

“Support for the Bill is overwhelming and adding a respected accounting body such as AAT is very telling of the need for change. With the number of cross-party MPs supporting the Aldous Bill, and a clear majority of specialist contactors on board, it is a sign reform is not only needed, but is inevitable.”

Coalition of Support – 80 Bodies:

Apprenticeships 4 England (App4Eng)

Asbestos Control and Abatement Division (ACAD)

Asbestos Removal Contractors Association (ARCA)

Association for Environment Conscious Building (AECB)

Association of Accounting Technicians

Association of Brickwork Contractors

Association of Duckwork Contractors and Allied Services (ADCAS)

Association of Fencing Industries

Association of Geotechnical & Geoenvironmental Specialists (AGS)

Association of Independent Professionals and the Self Employed

Association of Plumbing and Heating Contractors (APHC)

Brick Development Association

British Automatic Fire Sprinkler Association (BAFSA)

British Blind and Shutter Association

British Board of Agrément

British Chambers of Commerce

British Coatings Federation

British Constructional Steelwork Association (BCSA)

British Drilling Association (BDA)

British Electrotechnical & Allied Manufacturers Association

British Flue & Chimney Manufacturers Association (BFCMA)

British Refrigeration Association (BRA)

British Woodworking Federation

Builders Merchants Federation

Building Controls Industry Association (BCIA)

Building Engineering Services Association (BESA)

Building Engineering Services Competent Assessment (BESCA)

Catering Equipment Distributors Association (CEDA)

Civil Engineering Contractors Association (CECA) Scotland

Chartered Association of Building Engineers

Chartered Institute of Plumbing and Heating Engineering (CIPHE)

Chartered Institution of Civil Engineering Surveyors

Confederation of Construction Specialists

Confederation of Roofing Contractors

Contract Flooring Association

Drilling and Sawing Association

Electrical Contractors’ Association (ECA)

Electrical Contractors’ Association of Scotland (SELECT)

Fan Manufacturers’ Association

Federation of Environmental Trade Associations (FETA)

Federation of Master Builders

Federation of Small Businesses

Federation of Traditional Metal Roofing Contractors (FTMRC)

Finishes and Interiors Sector (FIS)

Fire & Security Association (FSA)

Forum of Private Business

Glass and Glazing Federation

Ground Source Heat Pump Association (GSHPA)

Guild of Architectural Ironmongers

Heat Pump Association

Heating, Ventilating and Air Conditioning Association (HEVAC)

Institute of Clerks of Works of Great Britain Incorporated

Institute of Directors

International Powered Access Federation (IPAF) 

Kitchen, Bathroom and Bedroom Specialist Association

Lead Contractors Association

Lift and Escalator Industry Association (LEIA)

Local Authority Building Control (LABC)

Modular and Portable Building Association (MPBA)

National Access & Scaffolding Confederation

National Association of Professional Inspectors & Testers (NAPIT)

National Association of Rooflight Manufacturers

National Association of Shopfitters

National Federation of Builders

National Federation of Demolition Contractors

Painting & Decorating Association

Process Innovation Forum (PIF)

Prompt Payment Directory

Property Care Association

Roofing Industry Alliance

Scaffolding Association

Scottish & Northern Ireland Plumbing Employers’​ Federation (SNIPEF)

SEC Group

Single Ply Roofing Association (SPRA)

Smoke Control Association

Stone Federation of Great Britain

Structural Timber Association

The Tile Association

Thermal Insulation Contractors Association

Well Drillers Association

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