The State of the Roofing Industry report for Q3 of 2023 revealed that over three quarters of contractors who have retentions held on them on local authorities projects sometimes, usually or always have problems retrieving the retention monies they are owed.

This paints just part of a picture of the late payment issues faced by sub-contractors in roofing and cladding.

The survey also indicated that although over half of firms have usual payment terms of 30 days or less, only 25 per cent felt that on average they were paid during that amount of time.

The report also covers trends in workloads and enquiries for roofing contractors, which skillsets are in shortest supply, and changes to material costs.

Read the full report here.