Articles

/Articles

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’ ...

16 February 2017|Articles, Press Statements|

Read Your Payment Terms First

Barrister, Professor Rudi Klein, advises on the importance of being clear on your payment terms Go to your payment terms first When initially presented with contractual documentation, always check the payment terms first.  If they are not satisfactory, any issues should be resolved at the outset.  It is not unusual for discrepancies to arise where ...

11 July 2016|Articles|

Mandating the use of NEC subcontracts

Occasionally in these editorials I have expressed surprise that there is a general lack of insistence by clients on the use of NEC subcontracts. I do not understand how the collaborative and pro-active management mechanisms in NEC can operate effectively unless they also apply to a supply chain that delivers – in value terms – ...

5 July 2016|Articles|

Bonfire Of The Charters

or the story of Reggie the Roofer Reggie has been in the roofing business for many years.  Much of his business comes from tier 1 contractors working in the public sector. Reggie has a good memory.  He recalls attending a launch of the “Fair Payment Charter” on 19 September 2007.  This charter was signed off ...

3 May 2016|Articles|