12/05/2026
The UK construction industry has a £5 BILLION problem… and nobody wants to fix it.
Subcontractors deliver most of the labour on site…
Yet they’re often the ones:
❌ Waiting months to be paid
❌ Funding projects upfront
❌ Losing money through retentions
❌ Taking the blame when programmes fail
Meanwhile:
* £3–£5 billion is tied up in retentions
* 50,000 UK businesses close annually due to late payments
* 30,000 suppliers were impacted by Carillion plc collapsing
* Construction productivity has grown just 1% in 20 years
The industry keeps talking about collaboration…
But too often it feels like survival.
I wrote about why the current main contractor vs subcontractor model feels broken—and what needs to change.
Episode in link in first comment 👇