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Performance security part three: Retentions
The most widely utilised form of performance security, being retentions and some recent measures introduced in the UK to encourage transparency in retention practices in the construction industry.
Building Safety Levy (Scotland) Bill introduced
Introduced on 5 June 2025, the Building Safety Levy (Scotland) Bill proposes a new tax which, if passed, will be known as the Scottish Building Safety Levy ("the Levy").
Performance security part two: Parent company guarantees
We are considering recent trends and what these mean in practice. Part 1 considered performance bonds; here we’ll focus on parent company guarantees (PCGs).
