Stay in the loop with FIS alerts so you don’t miss a thing!

Stay in the loop with FIS alerts so you don’t miss a thing!

Staying updated on FIS activities can be challenging. Consider enabling notifications on LinkedIn for FIS content to receive updates about important industry issues that affect your business and related FIS guidance, as well as notifications, member benefits, our events and other activities.

To help us to stand out in the noise that is social media, have you considered enabling notifications on your LinkedIn account for FIS content? We understand if you prefer not to receive frequent updates, and we assure you that we limit our posts to three times a day (excluding award announcements) to avoid overwhelming you. By doing this, you can stay informed about award opportunities, upcoming events, and ways to contribute to your trade association’s direction.

Simply click on the bell icon at the top right of our LinkedIn page and select your preferred notification settings.

Join the Go Construct STEM Ambassador Programme and Make a Difference in the Future of Young Minds!

Join the Go Construct STEM Ambassador Programme and Make a Difference in the Future of Young Minds!

Do you have a passion for inspiring and guiding young minds towards a brighter future? Then becoming a part of the Go Construct STEM Ambassador programme could be the perfect opportunity for you!

By participating in their webinar, you’ll gain insight into the work that Ambassadors are already doing, and how you can contribute to this inspiring initiative. You’ll also be introduced to STEM Learning, and have the chance to ask any questions you may have.

On top of that, you’ll receive a step-by-step guide on how to register as a Go Construct STEM Ambassador, and a live sign-up will also be available during the webinar.

Contact Marie Flinter at for the link to your preferred session. Don’t miss the chance to make a difference in the Finishes and Interiors Sector on Thursday 29 February at 10am-11am.

Changes in different permitted development rights: consultation

Changes in different permitted development rights: consultation

This consultation outlines several proposed changes to permitted development rights:

  • To enhance flexibility for homeowners in accommodating growing families and maximizing the potential of their current residences, we are considering various adjustments to these rights. These changes aim to allow larger extensions and grant more freedom to construct outbuildings.
  • To support the construction of new homes, we are exploring the possibility of amending existing upward building rights to broaden the range of buildings eligible for these rights. Additionally, we are seeking input on modifying the demolition and rebuild right to expand the types of buildings that can benefit from it and permit larger rebuild footprints.
  • In order to provide increased flexibility for households and businesses interested in installing electric vehicle charging stations, we are considering several alterations to the relevant rights. Feedback is being sought on whether permitted development rights should encompass units necessary for the operation of electric vehicle charge points, such as equipment housing or storage cabinets. We are also seeking input on revisions to the permitted development right for air source heat pumps, including a review of the requirement that they must be at least 1 meter from the property boundary.
April competency rules could see council Building Control services cease

April competency rules could see council Building Control services cease

From 6 April, all building-control professionals must pass a competence assessment and register with the Building Safety Regulator (BSR), a division of the Health and Safety Executive (HSE). Lorna Stimpson, the chief executive of Local Authority Building Control (LABC,) has warned that this could mean that a considerable number of councils are at risk of discontinuing building-control services from April, unless the deadline for proving professional competence is extended.

In a significant move, she has urged senior officials at the HSE, the Department for Levelling Up, Housing and Communities (DLUHC), and the Welsh Government to postpone the competence assessment deadline by six months for a smoother transition. She cautioned in a letter that many building-control professionals might not attain certification before the deadline, leading to “a significant number of authorities” in England and Wales being unable to carry out building control.

According to Stimpson, the absence of registered building inspectors in a local authority would have broad repercussions on the construction industry, consumers, regulatory enforcement, and compliance.  She states that the profession has had insufficient time to grasp the new requirements, with numerous surveyors yet to apply for registration or competence testing and also expressed concerns about the mental health impact on staff at the independent assessor bodies, with building control professionals experiencing a high level of stress due to the deadline.

She suggested that building surveyors should adhere to the BSR’s codes of conduct from 6 April and be enrolled in an independent assessment scheme, working towards certification by the revised deadline.

FIS chief executive Iain McIlwee said: “This is undoubtedly a concern for all in the supply chain as delays can be expensive and disruptive.  We urge all members to pay careful attention to their contracts and any liabilities associated with delay that could be imposed on them and encourage Government to heed the warnings of the LABC who are working closely with their local authority members to ensure that political ideology is matched to practical considerations and that we are all working together to deliver a safer and better culture in the construction sector supported by effective regulation and pragmatic, but robust enforcement.”

CPA State of Trade Survey Q4 2023: declining demand impacts sales of construction product manufacturers

CPA State of Trade Survey Q4 2023: declining demand impacts sales of construction product manufacturers

The recent publication of the CPA’s State of Trade Survey Q4 2023 revealed a continued decrease in construction product sales for manufacturers in the previous year. This marks the sixth consecutive quarter of decline for heavy side manufacturers and the second decrease for those on the light side. Looking ahead, manufacturers predict a further decline in sales over the next 12 months, expressing worries about the anticipated weak demand in 2024.

Judging begins for FIS Contractors Awards 2024

Judging begins for FIS Contractors Awards 2024

The excitement is mounting as the judging process for the 2024 FIS Contractor Awards is now underway. Our judges are traveling across the country to inspect the remarkable projects submitted by our members.

These awards shine a spotlight on excellence within the finishes and interiors sector, with a goal of motivating and acknowledging exceptional craftsmanship. The Awards Lunch, a much-anticipated event, guarantees an afternoon of recognition, camaraderie, and opportunities for industry professionals to network and share insights.

You can take a look at our Project Library which details the remarkable projects that our members complete. You can access comprehensive case studies for each project, detailing the scope of works, products used, contract budgets and locations.

Tickets are now on sale for the Awards Lunch, which will be held on 6 June at the Royal Lancaster Hotel in London. The winners of the 2024 Awards will be announced and presented by our guest speaker Shaparak Khorsand.

See the projects

Want to see the projects that have been entered into this years Awards?

Want to attend the Lunch?

Join us at the 2024 Contractor Awards Lunch

CPI Inflation and Core CPI Inflation for January 2023 have shown moderate increases

CPI Inflation and Core CPI Inflation for January 2023 have shown moderate increases

The CPA’s weekly Economic and Construction Update provides an insightful summary of the latest economic and construction trends in the UK.


The CPA’s weekly Economic and Construction Update offers a comprehensive overview of the current economic and construction trends in the UK, including key indicators like CPI inflation, core CPI inflation, UK construction average weekly earnings, UK construction insolvencies, UK house price index, and the UK residential market survey. This resource is valuable for individuals keen on the UK construction sector, with a user-friendly contents page for easy navigation to specific sections of interest.


In the latest report, it is evident that CPI Inflation and Core CPI Inflation for January 2023 have shown moderate increases, reflecting the current economic climate. The ONS Construction Output data for December 2023 indicates steady growth in the sector, with promising signs for future developments. Additionally, the ONS Construction New Orders for Q4 of 2023 demonstrate a positive outlook for upcoming projects within the construction industry.

Moreover, the ONS UK Construction Employment figures for the same period reveal stable employment rates, highlighting the industry’s resilience and ability to provide job opportunities. On another note, the Insolvency Service UK Construction Insolvencies data for December 2023 shows a decrease in insolvencies, indicating a more robust financial landscape for construction companies.


Lastly, the ONS UK House Price Index for December 2023 presents an overview of the housing market, showcasing trends and fluctuations in property prices. Overall, the comprehensive update provides valuable insights into various aspects of the construction and housing sectors, offering a glimpse into the current state of the UK economy.

BABR partnering with FIS as cash flow solutions partner for members

BABR partnering with FIS as cash flow solutions partner for members

BABR, a long-established cash flow solutions business, is delighted to join the FIS as their trusted Finance Partner.  Members will benefit from a dedicated helpline, where free, no obligation support and guidance will be available for your financial quandaries.

Working with the FIS and its members, BABR will inform and educate with insightful content on financial topics for SpecFinish trade magazine and in webinars run at regular intervals through 2024, the first of which is planned for 17th April 2024 – Webinar: Risk to Resilience – cashflow, funding and recovery options – FIS (

Find out more about BABR here

FIS throws its weight behind SkillBuild 2024

FIS throws its weight behind SkillBuild 2024

SkillBuild, delivered by CITB, is the largest multi-trade skills competition in the UK for construction trainees and apprentices.

Registration for regional heats is now open. Categories include Plastering and Drylining (previously Plastering and Drywall).

FIS will be attending and is encouraging members to get behind the regional heats to support the competition and use these opportunities to engage with local schools and colleges.  Our aim is to ensure key interior trades such as Drylining, Plastering and Carpentry and Joinery have a strong presence in the competition and we use the opportunity that SkillBuild provides to promote the sector.

Having attended the 2023 SkillBuild finals, the excitement and motivation in the room of all the participants was inspiring.

The SkillBuild competition offers an opportunity for talented apprentices and learners of all ages to compete regionally against one another in various trade categories.

SkillBuild offers many benefits for employers and training providers, such as:

  • Showcase the quality of your training programmes through success in competitions
  • Highlight your organisations commitment to raising standards in work-based learning.
  • Boost your long-term business performance

More information on the competition including locations can be found here: SkillBuild | Go Construct

If you’re interested in coming to SkillBuild, or for any other Skills and Training queries, please get in touch with our Skills Team – Beena  or Marie

National Apprenticeship Week 2024

National Apprenticeship Week 2024

It’s the last day of National Apprenticeship Week 2024 where the focus has been ‘Skills for Life’. Apprenticeships are designed by employers to help apprentices gain the skills and knowledge needed in the workplace. Apprenticeships can support your business to grow talent and develop a skilled workforce.

FIS members have been actively demonstrating their support and dedication this week by investing in training the next generation through apprenticeship programs. Here are some highlights:

  • CG Reynolds established a specialised Trade Academy last year and brought in Trainee Fixers, leading to notable successes for both the company and the apprentices.
  • Alby Gumble and Aaron McElligott, Assistant Site Managers at Pexhurst Services Limited, and Tom Kasoulis, Assistant Contracts/Commercial Manager, shared their positive experiences with the apprenticeship scheme and discussed their future career goals.
  • British Gypsum proudly supports over 1,200 apprentices across 51 Thistle Partnership Colleges in the UK. They spoke with plastering apprentice Ryan to learn more about his motivation for joining the apprenticeship program.
  • Errigal featured apprentice Nicole, who aspires to become a project manager, and highlighted the valuable support she has received.
  • Domino Commercial Interiors hosted an open event to engage with the community and showcase their diverse range of services.

Offering an apprenticeship can:

  • introduce fresh talent and ideas to your business by recruiting new staff and upskilling existing members
  • align training to your business needs
  • boost staff loyalty and motivation

Apprenticeships available for Finishes and Interiors are:

  • Level 2 Interior Systems Installer – pathways are:
    • Ceilings and Partitions
    • Drylining

This apprenticeship includes learning about Installing, repairing and maintaining various elements of the internal structure of a building.

In addition, the government will fund up to a maximum amount of £14,000 for this apprenticeship training.

  • Level 2 Plastering

Plastering includes preparing walls and ceilings for decoration and finishing.

In addition to supporting NAW 2024 and following the theme of ‘Skills for Life’, FIS have produced and launched a competency framework to demonstrate routes to baseline installer competence for Drylining. The framework can be found here: Competence Framework for Dry Liners – FIS (

This framework aims to support members to identify Drylining routes to competence and SKEB Statements, which will help to understand what training, qualification and competence does and should look like for this area, and help identify potential training gaps and how they can be addressed.

DBT seeks input from SMEs to develop regulation data platform

DBT seeks input from SMEs to develop regulation data platform

The Smarter Regulation Directorate in the Department for Business and Trade is currently developing an online platform that hopes to publish UK regulation data in one place and in a machine-readable format. We hope that this will help support regulatory compliance in the construction sector by making that data easier to find, search through and for innovative companies to create new compliance solutions to help businesses. Please find attached a brochure for further detail.

They are looking for any UK companies working within the construction sector, of any size, to participate in a study. They are particularly keen to hear from SMEs.

As part of this product development, they are keen to understand more about the companies in the construction sector including asking:

1.      More about your organisation and what you do

2.      How you access and comply with UK regulation

3.      Whether you would use their platform or third party compliance solutions (theirs will provide a brief demonstration)

The team are hoping to conduct 5-10 virtual user research interviews over the course of 1 hour in February and March.

Alternatively, if you wish to do a written survey, you can access and complete it here:

Please be assured that the session will be recorded solely for research purposes. All personal and commercial information, including your identity, will be anonymised and will remain confidential.

If you are interested, please reach out to them on

Here is a YouTube video, demoing the product:, and in addition, attached is a pdf of a brochure, for further info.

2024 Embodied Carbon Data for Timber Products

2024 Embodied Carbon Data for Timber Products

TDUK has recently completed a project on Embodied Carbon Data for Timber Products, the paper is now available on the TDUK website under “2024 Embodied Carbon Data for Timber Products: Timber Development UK.” To access the document, you will need to log in to the TDUK website. If you don’t have an account yet, you can easily create one as either a member or non-member to download the paper.

FIS Sustainability champion, Flavie Lores had this to say:

As the need to design and build more net zero carbon buildings increases, there is growing pressure for the manufacturers to provide better quality data on the carbon footprint of their products through EPD. However, having access to generic data is useful to better understand the impact of various products in the early stages of design . I am very pleased to see the work that TDUK has carried out to review over 80 EPD to provide A1-A4 data for 10 timber products, thereby providing a great pool of data to enable better embodied carbon calculations.

This comprehensive paper, which has been in the works for several months, presents the weighted average A1-A3 embodied carbon data for various timber products used in the UK, including UK-specific A4 transport data. It’s recommended that using this data for all Whole Life Cycle assessments in the UK. The paper outlines the methodology used, data confidence levels, and includes a PDF dataset with links to EPDs, product densities, and a verification report by Jane Anderson at Construction LCA, confirming compliance with CEN/TR 15941:2010 standards. All these documents are accessible for download on the TDUK website.

This resource will be invaluable for future discussions on WLC assessments within Ska. Please helped spread the word by sharing this paper within your networks, as it reveals significant differences compared to the ICE database, especially for softwood, CLT, Glulam, OSB, and MDF. The paper is open to all interested parties, but they must create a free account on the TDUK website to access and download the data.

CITB increase grants to support end of CSCS Grandfather Rights

CITB increase grants to support end of CSCS Grandfather Rights

The Construction Skills Certificate Scheme (CSCS) deadline of 31 December 2024 for all Industry Accreditation (IA) cardholders (also known as ‘Grandfather Rights’) is fast approaching.  After this date IA cards will no longer be accepted on site.  CSCS advises that:

  • All IA cards issued from 1 January 2020 will expire on 31 December 2024 and cannot be replaced using industry accreditation.
  • This is to meet industry requirements, which state that all construction industry card schemes must operate with nationally recognised qualifications in place for all occupations.
  • Tailored guidance has been developed to help cardholders replace their IA cards, depending on their occupations and qualifications, while a list of FAQs is also available.
  • Those requiring a qualification do not need to attend college and enhanced CITB grants are available to support CITB-registered employers achieve recognised qualifications.

To support construction workers in obtaining the required qualification to transition from an IA card to an appropriate CSCS card, CITB has increased the grants for specific supervision and management NVQs/SVQs.​

The CITB increased grants are as follows:

  • Specific Supervision NVQ Diplomas/SVQs now £1,250
  • Specific Management NVQ Diplomas/SVQs now £1,500

Supervision – CITB Registered Members who are up to date with their Levy can claim on Completion of the Qualification: £1,250

Level3/SCQF Level 6 in Built Environment Design

Level3/SCQF Level 6 in Construction Contracting Operations (any subcategory)

Level3/SCQF Level 6 in Occupational work Supervision (Construction)

Level3/SCQF Level 6 in Site Inspection

Level 3 in Surveying, Property and Maintenance

Level 4/SCQF Level 7 in Construction Site Supervision

Management – CITB Registered Members who are up to date with their Levy can claim on Completion of the Qualification: £1,500

Level 6/SCQF Level 10 in Construction Site Management

Level 6/SCQF Level 9 in Built Environment Design Management

Level 6/SCQF Level 9 in Construction Contracting Operations Management (any subcategory)

Level 6 in Senior Site Inspection

Level 7/SCQF Level 11 in Construction Senior Management

FIS works with a number of training providers to help deliver NVQs/SVQs, which can be found in the FIS Membership Directory here. If you have any questions or need assistance please contact

FIS supports National Apprenticeship Week to promote skill development

FIS supports National Apprenticeship Week to promote skill development

The FIS is proud to show its support for National Apprenticeship Week, a campaign that highlights the boundless possibilities that can stem from apprenticeships. We are committed to promoting the week and assisting all FIS members in their efforts to do the same. This year’s theme, “Skills for Life,” is a perfect opportunity to showcase the exceptional work done by our sector in training the next generation in Fit Out, Finishes and Interiors. Additionally, we will be conducting surveys on our social media handles to identify areas where we, as a community, can improve and provide our members with the necessary support.

Apprenticeships present a unique opportunity for individuals to learn new skills, gain valuable experience, and jumpstart their careers. By participating in National Apprenticeship Week, FIS hopes to encourage more people to consider apprenticeships as a viable option for their future. The “Skills for Life” theme emphasises the importance of developing skills that will last a lifetime, and the FIS is proud to be at the forefront of this effort. We believe that our sector has a crucial role to play in training the next generation, and we are committed to providing our members with the support they need to succeed. Through our social media surveys, we hope to identify areas where we can improve and continue to promote the benefits of apprenticeships for all.

New Competence Framework for Project Managers in the Built Environment

New Competence Framework for Project Managers in the Built Environment

The competence framework for project managers is now available for use.

The new competence framework for project managers in the built environment is a fantastic resource for those looking to develop their skills and knowledge in the field. The framework is designed to provide a comprehensive overview of the competencies required to excel as a project manager, with a particular focus on the unique challenges and opportunities presented by the built environment.

To learn more about the framework and its benefits, you can visit here. Additionally, if you’re interested in attending a joint webinar hosted by APM, RICS, and CIOB, you can register for by clicking here. This is a great opportunity to gain further insight into the framework and to connect with other professionals in the field.

To see more about the FIS competency framework for dryliners, click here

CLC Spring Budget 2024 Representation

CLC Spring Budget 2024 Representation

A letter addressed to the Chancellor highlights the importance of the construction industry in growing the UK economy. The industry contributes 9% of the UK’s GDP and employs over 2.63 million people. The letter emphasises the need for stability across the sector’s projects, identifies challenges in housing delivery, and suggests solutions such as unlocking small sites for SME house builders and incentivising private finance for affordable housing.

It also calls for consistency in implementing the Construction Playbook and flexibility in infrastructure investment, along with a national retrofit strategy to achieve Net Zero Carbon by 2050. The letter concludes by urging the government to work with the industry to address these challenges and promote economic growth.

Read the full letter here

TradePoint: the ultimate solution for all your project needs

TradePoint: the ultimate solution for all your project needs

TradePoint is offering exceptional benefits to FIS members, including a great deal on hiring tools, with free delivery and collection service. You can hire the tools you need for a week or even just for the weekend, so there’s no need to worry about the duration of your project.

Their range of tools and equipment are fully tested and come with accessories included, ensuring you have everything you need to complete your project with ease. With dedicated customer support, you can rest assured that you’ll have access to professional assistance if you have any questions or concerns.

The best part? No deposit is required, which means you can get started on your project right away without any financial burden. Whether you’re working on a DIY project or a professional construction job, TradePoint is the perfect solution to all your project needs.

Are you an FIS member? Access your TradePoint card here

CPA Economic and Construction Update

CPA Economic and Construction Update

The CPA’s weekly Economic and Construction Update provides an insightful summary of the latest economic and construction trends in the UK. The update covers key indicators such as the CPI inflation and core CPI inflation, UK construction average weekly earnings, UK construction insolvencies, UK house price index, and the UK residential market survey.


The update is an excellent resource for anyone interested in the UK construction industry, and the contents page allows readers to easily navigate to the sections that are most relevant to their interests.


In addition to the weekly update, the CPA also publishes Construction Forecasts twice a year, with the Autumn 2023 forecast released on October 23, 2023. Members and subscribers can download both the pdf and excel versions of the forecast from the CPA Website. The Winter forecasts will be released on January 29, 2024, providing valuable insights into the future of the UK construction industry.

Empowering the Responsible NO

Empowering the Responsible NO

FIS CEO, Iain McIlwee explores the importance of the word “No” in construction.

The procurement research FIS published in February 2023 coined the expression the “Responsible No”

“No” is a tiny word, one syllable, but at times, the hardest to say.  If we say “No” to a clause in a contract, there always seems to be another firm willing to say “Yes”. If we raise too many issues, or qualify too much in our tender response, we may well lose the job. It is easy to talk about “No”, but in a tight, price-sensitive market, with mouths to feed…

The problem is that if we don’t exercise the option of “No”, if we don’t clarify, qualify and draw the line we take responsibility for issues outside of our control, assume responsibility for compliance and sign up to damages and delays that we can’t cover. Even if we avoid the worst of the financial hit, how often do we find ourselves staring at a detail on a construction site, scratching our heads and working it out on the fly – “the site fix”?

Regulation is driving change, common sense demands it

Changes to The Building Act 1984 carried through as part of the Building Safety Act changes, mean that we are liable for that detail for 10 years from a Building Control enforcement perspective and if it impacts fire or structural safety, it could be a 15-year plus liability (with prison sentences if it can be proved we were negligent).

As a sector we pride ourselves on our ability to get the job done, to adapt the design and make it work, but duties in the Building Regulations are now clearer and more onerous. The regulatory environment has changed, a heart full of hope and a tube of mastic isn’t enough.

On higher risk projects we’ve got major and notifiable changes – strict change control processes that should be in place. On all jobs, the building control officer is under greater pressure to ensure evidence is provided – they want to see (or photos of) as-built details backed by evidence of performance and competence.

The principal designer needs to start signing the job off on completion too, it is all about evidence, quality control and information management. If the principal designer won’t support or Building Control won’t sign-off, works stops and with it the flow of monies, I refer you back to the cost of delays mentioned above.

The old days of “Bob the Builder, can we fix it?” and a rousing chorus of “Yes… we can” is changing. The retort now needs to be more like: “Not necessarily Bob, certainly not until Sarah the supervisor has checked with Alan the architect who has reviewed against the design, clarified with Edna the engineer and Mike the M&E designer, and ensured Quinn the quantity surveyor is aware. We also need to consider if we need to advise Barry the building control officer and he may need to liaise to Bertha the building safety regulator before … We can!”

This is a cultural change that we need to filter through our supervision protocols, into our Tool Box talks, and embed in our daily processes. But it isn’t just a site thing. Len Bunton always reminds me that dispute resolution begins and most problems could be solved before we sign the contract. There is always risk in construction, but with new potential for delays and new liabilities, we must understand these risks and cap them appropriately.

Yes, but…

This need for risk awareness is the reason that we have introduced an FIS Contract Review Service. We know that 41% of our members never seek legal advice (scarily only 17% never start on site without a contract in hand!). This subsidised service is about helping members understand the risks and how to push back. It is also about FIS isolating unreasonable requests and pushing back as a collective. Getting your contracts reviewed routinely would be a good New Year’s Resolution. The “Responsible No” is a big ask, but maybe we can make 2024 the year of the Confident Reasonable “Yes, but…”

To read the full research with the University of Reading on Procurement Practices in the Fit-out Sector CLICK HERE

To find out more about the FIS Contract Review Service CLICK HERE

This article was published originally in SpecFinish January 2024.  Articles include Digitalisation of Construction, How Employee Owned Trusts are helping to change the sector, Changes in Competency Requirements, unique challenges with the specification of operable walls and insights into the significance of incorporating Approved Document B (ADB) into the design and construction of pods.  You can read the full magazine here.

An Overview of the Modification to Payment Practices and Performance Regulations of 2024

An Overview of the Modification to Payment Practices and Performance Regulations of 2024

The CLC has released a statement on Reporting on Payment Practices and Performance (Amendment) Regulations 2024

On Wednesday 10 January the Department for Business and Trade (DBT) laid the Reporting on Payment Practices and Performance (Amendment) Regulations 2024.

These Regulations amend existing regulations, which impose a requirement on large companies and limited liability partnerships (LLPs) to publish certain information twice per financial year about their practices, policies and performance in relation to paying suppliers. These Regulations extend the Principal Regulations and the LLP Regulations beyond their current sunset date of 6 April 2024 to 6 April 2031 and require additional information to be reported by qualifying companies and LLPs. This includes requirements for qualifying companies to publish information on the value of payments made within a qualifying period and information on payments that were not paid under qualifying contracts. The Regulations can be found here.

The Government response to the public consultation on the amendments to the Payment Practices and Performances Regulations 2017 was published alongside the Autumn Statement 2023, and confirmed the introduction of a requirement for qualifying businesses that are parties to construction contracts to report on their retention payment policy and key statistics in relation to retentions.

Legislation for the new retention reporting requirements is expected to be laid before Parliament in 2024. It is anticipated that qualifying business will commence data collation and include in their payment practices and performance reports during 2025.

FIS CEO Iain McIlwee added:

“It is great to see the changes that were announced in the Autumn are being carried into law, but a bit disappointing that we have to wait until 2025 before we start to see the benefit.  This is an area where FIS has long been calling for reform and has repeatedly highlighted the limitations with current reporting requirements that mask some serious underlying problems.  The new requirements will provide a more realistic measure of late payment of construction invoices and highlight problems related to retention and disputed invoices.This is a positive step, but better measurement is not in itself change.  As we head to the next General Election we will continue to lobby for reform of payment certification and retentions in construction and I am hopeful that the data that will start to come through will support our calls for change.  New Zealand recently legislated for retentions to be held in trust and the EU are bringing forward far tougher late payment regulations.  In the UK we are way behind on this and the supply chain is, as a consequence, getting even harder hit by the current levels of insolvency.”