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SEC Group strengthens its voice with new member

The Specialist Engineering Contractors’ (SEC) Group has welcomed another organisation into membership.  The Scaffolding Association joined at the beginning of the month.  Its website is at:  https://scaffolding-association.org/ Over the last year SEC Group has been receiving a number of inquiries from organisations representing specialist contractors.  The interest has been triggered by SEC Group’s strong messages [...]

2018-02-09T16:18:36+00:00 9 February 2018|Articles, Press Statements|

SEC Group gets support from Federation of Small Businesses on Project Bank Accounts

Construction’s leading trade organisation, the Specialist Engineering Contractors’ (SEC) Group, which has been lobbying for the use of project bank accounts (PBAs) for many years, is now being backed by the Federation of Small Businesses (FSB). The Federation has written to the Business Secretary, Greg Clark, urging the Government to use PBAs on public sector [...]

2018-01-23T17:12:09+00:00 23 January 2018|Articles, Press Statements|

Upper Bann MP Mobilises Commons Support For Construction Small Firms

Upper Bann MP David Simpson has been mobilising support in the House of Commons for a measure that will help transform business practices for small firms in Northern Ireland’s construction industry. On 9 January 2018 Peter Aldous (MP for Waveney in East Anglia) will be introducing a Bill to ring-fence cash retentions.  These are monies [...]

2018-01-09T12:57:42+00:00 9 January 2018|Northern Ireland Press Releases, Press Statements|

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|