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It's time to ditch the Prompt Payment Code
Construction News recently reported Phillip King, CEO of the Chartered Institute of Credit Management, as saying Carillion was not reported to the Prompt Payment Code Compliance Board over its late payment to subcontractors.
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Double jeopardy risk exposed with collateral warranties
Amec’s recent case highlighted how you can end up facing two claims for the same issue if the first payout isn’t used to carry out the work, as William Drewery explains.
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22Oct92 UK: FUTURE OFFICE PLANS TO STAY ON SHELF - LPAC.
Large office developments planned for London Docklands, King's Cross and Paddington are unlikely to go ahead this decade, even when demand for office space recovers.That is the conclusion of new research for the London Planning Advisory Committee, which shows recovery being concentrated in the City and West End.It found that the market for new and refurbished buildings should absorb the surplus of offices by 1997, although the secondhand office market will still be weak.The recovery, ...