Tag : Specialist Engineering Contractors’ (SEC) Group
The government has said it is committed to driving up use of project bank accounts when procuring construction services for public sector projects amidst warnings over cash flow concerns facing engineering contractors.
The Welsh Government will mandate from January 1 that project bank accounts (PBAs) are used for building projects valued at over £2m and that are procured by any of the devolved authority’s bodies.
The Specialist Engineering Contractors’ (SEC) Group has said commitments by chancellor Phillip Hammond to issue a call for evidence over tackling the issue of late payments will be cautiously welcomed in the construction industry.
The Specialist Engineering Contractors’ (SEC) Group has welcomed conclusions within the Independent Review of Building Regulations and Fire Safety that has linked delayed payments in the construction supply chain with wider bad behaviours around standards compliance.
A resourced regulatory authority than can ensure best practice is being delivered on public sector construction projects should be established in the wake of the Grenfell Tower fire and Carillion’s collapse, the chair of Specialist Engineering Contractors’ (SEC) Group has argued.