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So far Maria has created 11 blog entries.

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|

Industry urged to advise Government to statutory ring-fence cash retentions

SEC Group welcomed yesterday (24th October 2017) the publication of the independent review on cash retentions in the Construction Industry. The review was commissioned by Government following an amendment to the Enterprise Bill laid by Lord Aberdare in 2015 and drafted with help by SEC Group. An estimated £7.8 billion of retentions has been unpaid [...]

2017-10-25T11:38:18+00:00 25 October 2017|Articles, Press Statements|

Scottish Public Sector: more needs to be done to improve supply chain payments

4th August 2017 On 18 April 2016 contracting authorities in Scotland with large annual procurement budgets became statutorily bound to declare (in their procurement strategies) how they intended to ensure 30 day payments along their supply chains. In the first of its kind the Specialist Engineering Contractors’ (SEC) Group Scotland has surveyed contracting authorities (other [...]

Scottish Public Sector & compliance with Procurement Act (Report Sept 2017)

The Specialist Engineering Contractors' (SEC) Group prepared this short report based on a survey of Scottish contracting authorities (other than local authorities) using the Freedom of Information (Scotland) Act 2002. The survey was directed at establishing the extent of compliance with section 15 (5)(d) of the Procurement Reform (Scotland) Act 2017.  This provision requires contracting authorities [...]

2017-09-05T11:31:49+00:00 25 August 2017|Articles, Newsletters, Surveys - Scotland|

Major overhaul for payment practices in Scottish public sector construction

Representatives from over half of the councils in Scotland recently attended a seminar in Stirling to hear how they can overhaul payment practices in construction procurement.  There is a statutory obligation on all public bodies in Scotland with large construction spends to ensure that supply chain firms are paid within 30 days. On behalf of [...]

2017-07-11T17:20:37+00:00 11 July 2017|Articles, Scotland Press Releases|

Scottish MP questions Minister over cash retentions

Scottish MP, Stuart C. McDonald has urged the Government to reveal how they are going to deal with cash retentions, an issue affecting the livelihood of small firms in Scottish construction and those south of the border. The Member who represents the constituency of Cumbernauld, Kilsyth and Kirkintilloch East yesterday (27/06//2017) posed the following question to  [...]

2017-06-29T16:08:36+00:00 29 June 2017|Scotland Press Releases|

MPs question Government over cash retentions

SNP MP Stuart C. McDonald has urged the Government to reveal how they are going to deal with cash retentions, an issue affecting the livelihood of small firms in the construction industry. The Member for Cumbernauld, Kilsyth and Kirkintilloch East yesterday (27/06/2017) questioned the Department of Business Energy and Industrial Strategy: “What the Government’s policy [...]

2017-07-07T15:43:58+00:00 29 June 2017|Articles, Press Statements|

Help us gather evidence of late payment in Scotland

The Specialist Engineering Contractors' Group (SECG) Scotland recently met with Paul Wheelhouse MSP, Minister for Business, Innovation and Energy, to discuss the issue of payment abuse. Following the meeting, the Minister expressed interest in payment security legislation for construction (possibly involving 30 day payments and protection for retention monies) and is keen to obtain examples of payment abuse. [...]

Manifesto for the Built Environment supply chain

A future Government and Parliament should commit to three-points for a world-leading UK specialist engineering supply chain in the built environment: Bring legislation to protect all retention monies in a ring-fenced account, as first step towards zero retentions by 2025, and prioritise review of the ‘Construction Act’. From 2021 all publicly-funded built environment work over [...]

2017-05-05T17:13:04+00:00 2 May 2017|Articles, Press Statements|

Over £1bn cash retentions held from UK top construction companies: SMEs mainly at risk

An analysis of the accounts of the UK’s top 12 construction companies has revealed that the 9 which published separate figures for retentions are owed more than £800m, indicating that the 12 together are owed over £1 billion of cash retentions.  The analysis was carried out for leading construction representative body, the Specialist Engineering Contractors’ [...]

2017-02-16T17:47:47+00:00 16 February 2017|Articles, Press Statements|