The Scottish government will carry out the public consultation in spring next year.
The move follows long-term campaigning by Select and the Specialist Engineering Contractors鈥� (SEC) Group, both of which have proposed placing all retentions into a trust-based deposit scheme. The consultation has also been welcomed by the SEC Group Scotland (link opens in new tab).
Select acting managing director Alan Wilson said: 鈥淲e wholeheartedly support action on this troubling issue and look forward to positive developments in the upcoming Holyrood consultation.鈥�
Select's 1250 member companies account for around 90% of all electrical installation work carried out in Scotland. They have a collective turnover of around 拢1bn on and provide employment for 15,000 people.
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