Tag : SEC Group
Some of the UK’s largest construction companies have begun to publish figures on their recent payment performance as part of new commitments by industry body BuildUK to address industry and government concerns.
“Earth shattering” amendments that will dramatically reshape building safety standards and how they are enforced should not be expected during the course of 2019, the chief executive of the Specialist Engineering Contractors (SEC) Group has said.
Despite continued uncertainty over how Brexit will impact trade, regulations and the construction supply should it go ahead as scheduled at the end of this month, the UK HVAC industry must undergo significant change to adapt to a changing global market place.
The Specialist Engineering Contractors’ (SEC) Group has backed proposed legislation introduced to parliament this week that would require government and other public sector contracts to make use of project bank accounts.
The Specialist Engineering Contractors’ (SEC) Group has expressed concern over new research concluding that £700m in construction cash retentions has been lost over a three-year period due to insolvencie
A second reading in parliament of a bill intended to ringfence cash retentions within the construction supply chain will be further delayed until October, with trade bodies supporting the bill hoping to use the time to build wider consensus among MPs to push for reform.
Network Rail’s pledge to reform prompt payment practices and abolish the use of retentions in its contracts has been hailed as a strong template for the wider construction industry and building services sector to follow.
The SEC Group has accused the government of failing to introduce meaningful changes to construction payment practices in response to multiple concerns identified around procurement and contracting following the collapse of Carillion.
SNIPEF, BESA and the SEC Group have joined with other construction bodies to urge government to defer the introduction of VAT reforms until 2020 over fears about further market uncertainty.
Representatives of various key UK political parties have met this week to discuss how parliament can block the government from leaving the EU on October 31 without a withdrawal agreement.