Tag : Carillion
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.
919 employees working on government or key UK infrastructure jobs for collapsed construction giant Carillion will retain their jobs, the Official Receiver has announced.
BESA has said that more than 60 construction and maintenance trade bodies have now lent their support to the Construction (Retention Deposit Schemes) Bill that was introduced to parliament in January as a means to reform payment within the construction supply chain.
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.
Parliament will this week discuss a bill on opening up the Freedom of Information (FOI) Act to apply to all public service contractors and housing associations as a means to improve transparency around how functions such as fire safety commitments and regulations compliance are being met.
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.
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.
The 2018 Budget has set out fresh commitments to transform apprenticeship training that could have implications for the future of the building services sector.
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.