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SEC Group says 2018 should focus on the “3 Ps”

The Specialist Engineering Contractors’ (SEC) Group – representing the largest sector in the UK construction industry (by value) – is calling on the Government and industry to focus in 2018 on the following: PROCUREMENT PAYMENT PROFESSIONALISM SEC Group’s CEO, Professor Rudi Klein, explained that the industry’s only route to long-term improvements in growth and productivity [...]

2018-01-09T12:56:12+00:00 9 January 2018|Articles, Newsletters|

Cash retentions in construction: Labour front bench says extent of abuse is “scandalous”

The Labour Front Bench Business Team has referred to the abuse linked to the practice of cash retentions in the construction industry as “scandalous”. Speaking on behalf of the Labour Business Team, Bill Esterson MP said he was appalled by the statistics recently released as part of the research carried out by the Department for [...]

2017-12-19T18:37:10+00:00 19 December 2017|Articles, Press Statements|

Construction industry applause for Welsh Government’s announcement on Project Bank Accounts

The announcement by Cabinet Secretary for Finance, Mark Drakeford AM, that as from 1 January 2018, project bank accounts (PBAs) will be used on building projects over £2 million (procured by Welsh Government bodies) has received praise from the Specialist Engineering Contractors’ (SEC) Group Wales/Cymru. SEC Group Wales represents the largest sector (by value) in [...]

2017-12-07T11:49:58+00:00 7 December 2017|Articles, Newsletters, Press Statements, Wales Press Releases|

Construction industry financial crisis: Private Member’s Bill to ring-fence cash retention

The UK construction industry’s financial crisis- with some large contractors in severe financial distress – has prompted a Conservative MP to act. Peter Aldous, MP for Waveney, has laid a Private Member’s Bill to protect the billions of pounds of cash retentions withheld from construction SMEs.  The Bill’s first Reading will be on 9 January [...]

2017-12-05T12:27:30+00:00 5 December 2017|Articles, Press Statements|

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|

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|