Tag : Carillion
Fears across Whitehall of another insolvency of a major construction group, similar in scale to the collapse of Carillion last year, reflects a continued lack of political action on payment practices, BESA has warned.
Two major outsourcing groups working across the UK construction sector have this week announced they are entering administration.
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 September edition of H&V News looks at the wider industry response to a London-specific strategy intended to provide 30 to 40 per cent cashback to SMEs that switch to cleaner boilers. Might such a model benefit a wider national roll-out?
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.
With a second reading of a bill that would make it mandatory to hold retentions in third party schemes set for October, the industry body expects further support from MPs to push for change
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.
Almost nine out of ten local councils in the UK are failing to pay companies for construction work within the legally required 30-day period, according to findings from BESA and the ECA.
The Specialist Engineering Contractors (SEC) Group has welcomed calls from parliament’s Public Accounts Committee (PAC) for government to consult SMEs on how best to introduce project bank accounts and retentions reform in their contracts.
Over a quarter of 316 engineering services firms surveyed on their financial performance have reported a fall in turnover during the first quarter of 2018, the highest falls of its kind in two years. The findings reflect the impact of adverse weather conditions and the fall of Carillion earlier this year.