More than 60 construction trade bodies are now united in their support for the Aldous Bill to reform retentions.
MP Peter Aldous will see his bill get its second reading next month.
It proposes that cash retentions owed to the supply chain are held in trust rather than lost when companies like Carillion go under.
The bill is being supported by a broad cross section of the entire supply chain including electrical, plumbing, heating, interiors, house building, roofing, scaffolding and demolition.
ECA Director of Business Paul Reeve said: “Quite simply, the time for major change to retentions is now.
“Putting retentions in trust would help to protect the supply chain from future upstream insolvency, and it would reduce the amount held in retentions when buyers see that they can no longer use suppliers’ cash to support their own business model.”
BESA Public Affairs & Policy Manager Alexi Ozioro said: “Levels of support for the Bill are very encouraging, and this is a real opportunity for government to show it can respond to urgent developments and legislate on more than just Brexit.
“It will take months, maybe years to feel the full effect of Carillion, and what this Bill will do is make sure thousands of people can enjoy a more secure future.”
Peter Aldous MP said: “This coalition of support shows the urgent need for reform and unity of industry following Carillion.
“Support covers so much of the industry that we now have a golden opportunity to change construction for the better.
“I hope government gets behind industry and this Bill.
“We need action to protect SMEs before more millions are lost, and this Bill is about ensuring people’s money is safe so businesses can grow and invest in their future.”
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UK plant giant JCB is hiring 600 production line staff over the next three months due to “unprecedented” global demand for its machines.
In addition to these shop floor jobs, JCB said it also had vacancies for more than 100 permanent employees in engineering and other staff professions at its World Headquarters in Rocester and sites across the UK.
The firm, which already employs 6,000 people in the UK, said it now had a very healthy order book and is taking on over 200 operatives immediately with a further 400 staff required within 12 weeks.
Worldwide growth in construction has brought record demand for many of the product lines manufactured at its Derbyshire plant at Foston, as well as its Staffordshire factories at Rocester, Cheadle and Rugeley.
JCB chief operating officer, Mark Turner said: “This is great news for the local economy and great news for anyone seeking to work with a globally successful business.
“We know the cities of Stoke-on-Trent, Derby and surrounding towns have people with the skills we need, and in return they can expect excellent rewards.
“We urgently need fabrication welding skills along with paint sprayers, and general assemblers who will be given full training.
“The opportunities are initially for agency employees, however we see them as long-term opportunities – in fact, in the first three months of 2018 we have given permanent contracts to 200 agency staff. That means over the past four years we have handed permanent contracts to 850 agency employees.
“The future is very bright for JCB as global demand for our machines continues to grow, which means great prospects for people who want to work with us.”
The new roles pay a minimum of £10.40 per hour for Monday to Friday working hours, with a premium paid for shift-work opportunities.
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“We urgently need fabrication welding skills along with paint sprayers, and general assemblers who will be given full training.