SEARCH

SEC Group receives backing from Lord Adonis on payment reform

The Specialist Engineering Contractors’ (SEC) Group has welcomed support from Lord Adonis, past chairman of the UK Infrastructure Commission, for reform of the construction industry’s payment practices. 

In a statement advocating urgent reform of payment practices, Lord Adonis said that the UK construction industry had to become more efficient and cost-effective by driving out wasteful processes and bad practice.

He added: “This includes eradicating payment abuse and manipulation of the cashflow process which impacts upon quality and delivery within time and cost. I see no reason why we can’t insist that all projects use project bank accounts.

“Furthermore, the government should support the Construction (Retention Deposit Schemes) Bill, submitted by Peter Aldous MP, which protects cash retentions.”

Speaking on behalf of SEC Group, Lord O’Neill, president of the Group, said he was very pleased that his colleague in the House of Lords, who has been a highly influential driver behind infrastructure development in the UK, has voiced his views on industry payment practices: “The government will be addressing payment practices as part of the agenda for the Construction Sector Deal. The solutions referred to by Andrew Adonis – insistence on the use of project bank accounts and the Bill to protect cash retentions – will, undoubtedly, help to curb payment malpractice.”
 

13 September 2018

Comments

Already Registered?
Login
Not Yet Registered?
Register

Partnership to develop heat pump water heater

Thermal energy storage specialist Sunamp has signed an agreement with Chinese partner Jiangsu Gomon New Energy to move forward with manufacturing and commercialisation of a heat pump water heater based on Gomon heat pumps and on Sunamp high energy-density, high power-density heat batteries...

  17-Jul-2019

New Beijing Airport is the biggest to have VTS air curtains and heating units

Located less than 50 kilometres south from the capital of China, Beijing Daxing Airport will become one of the world’s biggest airports along with being among the most progressive and modern transportation centres.

  11-Jul-2019

Various Commercial Case Studies from Schiedel Chimney Systems

Take a look at our various Commercial Case Studies. We've completed so many projects that it's highly likely we've successfully completed a project similar to the one which you may be considering. Don't hesitate to contact us for more details on any of our commercial activities.
  17-Jul-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary