Tag : ECA
The Electrical Contractors’ Association (ECA) has urged government to rethink how it is promoting smart meter use, citing a new user survey critical of their cost saving benefits.
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.
A survey of 372 individuals working across the engineering services sector has found that over three quarters of respondents saw turnover increase or remain steady during the second quarter of 2018, even with increased labour and materials costs.
BESA and the ECA hope to step up pressure on the government to overhaul cash retentions by calling for the introduction of mandatory third-party deposit schemes in a joint response to a recent consultation.
A new bill mandating that all cash retentions from construction work are held in deposit protection schemes receives its first reading in parliament today.
The government has pledged from Autumn next year to consider blacklisting companies from public sector construction projects that are found to be paying their suppliers late.
A second reading of a bill that would legally mandate the ringfencing of cash retentions is currently scheduled for March 8 with supporters claiming that the chairs of 15 influential select committees are among parliamentarians to have now expressed support.
A new bill to be introduced to parliament that sets out new rules for managing cash retentions will be backed by a number of industry bodies such as BESA and electrical and engineering services group ECA.
The financial outlook of building services companies over the first quarter of 2019 is described as “subdued” with a majority expecting their incomes to either stay unchanged or fall in 2019, an industry survey has found.