Fit for purpose – The Construction Act

Fit for purpose – The Construction Act

While a great deal of noise has been made about retentions and late payments in recent months, it seems not a lot has changed. Despite promises to the contrary, subcontractors are still feeling the pressure of balancing cash flows. With the biggest main contractors reporting slim to no profits the chances of them making good…

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Act on late payments before it’s too late

Act on late payments before it’s too late

The issue of retentions and late payments has been in the spotlight more recently following the Carrillion collapse. But the reality is that this practice has been ongoing for years and it’s having a major impact on SME’s who make up an important sector of the construction industry. The tough current economic times are making…

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Construction Revolution

Construction Revolution

On 5 July, business and energy secretary Greg Clark, announced a £420 million construction sector deal promising to revolutionize the industry. It’s an ambitious plan that aims to deliver 1.5 million homes by 2022 as well as supporting infrastructure, and to do this in a way that is time and cost efficient, and green. But…

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Is this the end of Boom & Bust in the rail sector?

Is this the end of Boom & Bust in the rail sector?

Since the privatization of the railways, the main contractors involved in constructing rail infrastructure have been consistently plagued by boom and bust cycles due to funding inconsistencies. Projects typically start out with great momentum but as funding dries up contractors find themselves looking at smaller margins to get the project completed, on top of often…

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What will it take to make the Heathrow expansion a success?

What will it take to make the Heathrow expansion a success?

Recent news reports highlighted great excitement over the government vote of approval to expand Heathrow Airport by adding an additional runway. When completed it will add much needed capacity for both cargo and passengers. More interesting though is that the construction process may just usher in a new way of doing things. The infrastructure industry…

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Do we have enough skills for the building of future infrastructure?

Do we have enough skills for the building of future infrastructure?

Recent budget announcements have supported the need for a greater investment in infrastructure in the UK. A 2015 report by PWC[i] cited that spending in UK infrastructure was likely to increase to £110bn by 2025.  While this is positive news for the industry, ensuring that funding is being made available for the infrastructure needed, the…

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