Despite what you may have read, construction firms are actually taking huge strides forward when it comes to managing cashflow – and managing working capital in general.
Productivity and its effect on project timelines have always been important issues for businesses across the industry.
After almost 30 years of SEC Group campaigning against retention abuse, we are now closer than ever before to tackling this problem.
The Grenfell Tower Inquiry is now under way following the publication of Dame Hackitt’s long and thorough review of regulations.
The damning conclusions of MPs’ Carillion report come as the industry braces for a challenging period.
The joint report on Carillion from the business and works and pensions select committees was what we all expected.
Construction material prices have been steadily increasing since the EU referendum in June 2016.
The collapse of Carillion, the ‘Beast from the East’ and ongoing uncertainties over Brexit mean the construction sector has suffered a turbulent first three months of 2018.
The idea that retentions be held in deposit, as proposed by parts of the industry and Peter Aldous MP through the Aldous Bill, is a worthy idea that demands consideration.
Carillion’s collapse and the retentions scandal raise some basic questions about how our industry is valued and how we value each other.
Construction is arguably the sector of the UK economy most prone to insolvencies and bad debts.
Carillion’s demise into liquidation has not only disrupted and unsettled the UK’s construction and FM industries but has also dredged up the debate around the success of private finance initiatives.
National Apprenticeship Week proved last week that there remains an excellent opportunity for us to look towards the future, and benchmark our performance in developing skills and attracting recruits.
As a former apprentice and now the managing director of a £22m business, I can see the value of apprenticeships from both sides of the fence.
It just wouldn’t be the UK if there weren’t a few days of the year dominated by cold weather and our inability to deal with it.
The industry is still shaking, and will be for many months to come, following the collapse of the UK’s second-biggest contractor.
In his editorial last week – Beware the hungry contractor hoovering up Carillion work – CN editor Tom Fitzpatrick rightly emphasised the need for caution over contractors taking on former Carillion projects.
Anyone in industry, government or the client community who is surprised that a giant main contractor has gone bust clearly hasn’t been paying attention.
A landmark high court judgement shows subcontractors can’t always expect to rely on their contractor’s project insurance.
Talking points: Your comments on the big storiesSubscription
Carillion has continued to hog the headlines in the past seven days but debate among CN readers has broadened to look at the wider implications and what needs to change.