Tag : Carillion
The construction industry has reacted to Carillion’s liquidation today by calling for further government commitments to guarantee prompt and transparent payment mechanisms for contractors.
Uncertainty remains over the future financial stability of a significant number of SMEs and contractors in Carillion’s supply chain following yesterday’s announcement of the liquidation of the construction and services giant.
Business secretary Greg Clark has welcomed commitments from several banks to support small businesses facing financial difficulties as a result of the collapse of Carillion earlier this week as specialist contractors seek to assess longer-term impacts on their operations.
The Construction Industry Training Board (CITB) hopes to begin placing apprentices that were undergoing training with Carillion into new roles over the next week following the collapse of the construction and services giant.
Engineering services firms providing gas, fire, heating and ventilation services are owed roughly £75m from construction and services giant Carillion, which formally announced its liquidation last week.
919 employees working on government or key UK infrastructure jobs for collapsed construction giant Carillion will retain their jobs, the Official Receiver has announced. However, 377 employees on the same contracts will be made redundant as a result of the company entering liquidation last month.
The Health and Safety Executive (HSE) expects to unveil a preferred candidate by July to oversee the new Gas Safe Register contract, with the first stage of its ongoing retender process expected to close on February 14.
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.
ENGIE has announced it will acquire the long-term heating and building maintenance contracts previously undertaken by Carillion Energy Services Limited on behalf of the Northern Ireland Housing Executive.
Build UK is seeking to introduce a “zero retentions” policy throughout the construction supply chain within seven years as a key policy priority to improve trust in the industry and its practices.