Tag : payment reform
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.
Parliament’s Business, Energy and Industrial Strategy (BEIS) Committee has urged the government to bring forward proposals to introduce mandatory project accounts with a mechanism to independently release cash retentions owed to contractors.
The 2018 Budget has set out fresh commitments to transform apprenticeship training that could have implications for the future of the building services sector.
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.
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 Specialist Engineering Contractors’ (SEC) Group has welcomed conclusions within the Independent Review of Building Regulations and Fire Safety that has linked delayed payments in the construction supply chain with wider bad behaviours around standards compliance.
BESA will hold its second annual conference in London on November 1 with payment reform, Brexit and the technical implications of the soon to be published findings of a major review of building regulations expected to dominate proceedings.
A second reading in parliament of a bill that would mandate the use of accredited third-party deposit schemes to hold cash retentions has been postponed until June 15 after originally being scheduled for this week.