High rate of construction insolvencies needs urgent action on payment says SEC Group
In the wake of the recent insolvency statistics published by ONS the Specialist Engineering...
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Tag: SEC Group
SEC Group calls for regulatory authority to oversee construction
The Specialist Engineering Contractors’ Group (SEC Group) has called on the government to...
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Former infrastructure Tsar supports reform of payment practices
Lord Adonis, past chairman of the UK Infrastructure Commission, has offered support for reform of...
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SEC Group calls for focus on procurement; payment; and professionalism
The Specialist Engineering Contractors’ (SEC) Group – representing the largest sector in the UK...
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New law proposed to protect cash retentions
The UK construction industry’s financial crisis- with some large contractors in severe financial...
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SEC Group calls for payment improvements on Scottish public sector contracts
More needs to done to improve supply chain payments in Scottish public sector contracts according...
Read MoreCasflow crisis is unsustainable says SEC Group
The Specialist Engineering Contractors’ (SEC) Group – which represents SMEs in the construction engineering sector – has warned that current cashflow crisis in construction is unsustainable. Given the problems of late and...
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Government tightens up 30-day payment rules for public sector employers
The government is to tighten up 30 day payment rules covered by the 2015 Public Contracts...
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Specialist Engineering Contractors’ propose productivity action plan
The Specialist Engineering Contractors’ (SEC) Group has written to the Prime Minister seeking...
Read MoreSEC Group says universities need to improve on payment
A survey of English universities’ construction procurement has revealed major concerns over payment and pre-qualification practices. They survey was carried out by the Specialist Engineering Contractors’ (SEC) Group using the...
Read MorePQQ inefficiency costs construction £20 billion
Repeated failure to implement recommendations to streamline pre-qualification questionnaires (PQQ) and avoid duplication of effort in the prequalification process has cost the construction industry £20 billion according to...
Read More£1 billion of cash retentions used by public sector to supplement working capital
Research from the Specialist Engineering Contractors’ (SEC) Group has shown that 38 % of public sector clients make late payments to tier 1 contractors and the public sector uses £1 billion of cash retentions to supplement...
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