Sec Group

Rudi Klein The Construction (Retention Deposit Schemes) Bill has been published against the background of crippling retention losses caused by the collapse of Carillion.

Philip Hammond Chancellor Philip Hammond’s announcement of a new consultation on late payment has given a cautious welcome by the construction sector.

The Specialist Engineering Contractors’ Group (SEC Group) has welcomed another organisation into membership as the Scaffolding Association joined at the beginning of the month. Over the last year SEC Group has been receiving a number of inquiries from organisations representing specialist contract

Construction trade federations across the UK are continuing their push for action on cash retentions. The National Federation of Builders (NFB) and other trade federations with members most likely to be affected by the collapse of Carillion believe this is an opportunity for the industry to move swi

FSB national chairman, Mike Cherry A long-running call by the Specialist Engineering Contractors’ Group (SEC Group) for the use of project bank accounts is now being backed by the Federation of Small Businesses (FSB).

The first reading of a Bill which aims to reform construction’s use of cash retentions will take place today in the House of Commons. Introduced by Conservative MP Peter Aldous, the Construction (Retention Deposit Schemes) Bill has 11 sponsors drawn from all parties and has been backed by three in

Rudi Klein The Specialist Engineering Contractors’ Group (SEC Group) is calling on government and industry to focus on procurement, payment and professionalism in 2018.

Mark Drakeford The devolved government of Wales has announced it is to use project bank accounts (PBAs) from 1st January 2018 on all building projects over £2 million procured by government bodies.

Peter Aldous MP A backbench MP’s attempt to reform construction’s use of cash retentions has been backed by three industry associations.

Almost £700 million worth of cash retention has been lost in construction over a three-year period by reason of insolvencies, according to new Department of Business, Energy & Industrial Strategy (BEIS) research. The figure, which consultants Pye Tait said reflects 2016 prices, has been describ

The Specialist Engineering Contractors’ Group (SEC Group) has welcomed the publication of the independent review on cash retentions in the construction industry. The review was commissioned by the UK government following an amendment to the Enterprise Bill laid by Lord Aberdare in 2015 and drafted

The umbrella body for Scotland’s engineering sector has urged the public sector to do more to improve supply chain payments after a survey revealed that almost half of the country’s contracting authorities were not considered to be compliant with their statutory payments requirements. On April 1

Current cashflow problems in the construction sector are “unsustainable” as small firms are increasingly having to rely on directors for funding, the Specialist Engineering Contractors’ Group (SEC Group) has warned. The group, which represents SMEs in the construction engineering sector, said

Newell McGuiness The campaigning trade body for Scotland's electrical sector has thrown its weight behind increased pressure from MPs over the vexed issue of cash retentions within the construction industry.

Rudi Klein Representatives from over half of the councils in Scotland attended a seminar in Stirling to hear how project bank accounts (PBAs) can overhaul payment practices in construction procurement.