Tag : supply chain
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.
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.
The UK government is being urged by a key building services body to immediately introduce legislation to tackle the practice of late payments within the construction supply chain, rather than delaying potential reforms in favour of voluntary commitments or further consultations.
A survey of 1000 industrial product manufacturers has found overwhelming support for ensuring ongoing regulatory alignment with EU standards to safeguard trade and ensure a frictionless supply of vital components that underpin sectors such as building services.
Delaying the UK’s exit from the EU until April has failed to address industry fears over the significant potential damage to the building services sector from a ‘no deal’ Brexit, a major manufacturer’s association has warned.