Monthly Archives: November 2017

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SEC Group gives cautious welcome to Industrial Strategy White Paper

The Specialist Engineering Contractors’ (SEC) Group has given a cautious welcome to the Government’s Industrial Strategy White Paper. Insofar as construction is concerned the White Paper highlights the need for whole life value (rather than initial capital costs) to be at the core of construction procurement.  The White Paper adds: “The sector will aim to [...]

2017-11-30T12:27:33+00:00 30 November 2017|Articles, Press Statements|

Almost £700 million of construction cash retentions lost over 3 years

Research carried out by consultants Pye Tait for the Department of Business, Energy & Industrial Strategy (BEIS) has revealed almost £700 million worth of cash retention has been lost in construction by reason of insolvencies.  This figure relates to 3 years and reflects 2016 prices (when Pye Tait carried out its survey). The Specialist Engineering [...]

2017-11-10T17:34:42+00:00 10 November 2017|Articles, Press Statements|