Engineering Specialists Press PwC And Government On Carillion Collapse

Trade bodies ECA and BESA have pressed Carillion liquidators PwC to provide greater certainty to private sector contractors over the outstanding cash owed by the fallen construction giant. PwC’s David Kelly confirmed they and Carillion will provide suppliers with ‘commitment letters’ that guarantee payment for work undertaken and materials supplied during the liquidation process. However,…

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Aldous Launches Retentions Bill

Proposed parliamentary legislation designed to dramatically reform the controversial practice of payment retentions in the construction industry was formally unveiled at a House of Commons briefing on Monday, 8 January. The Bill, which is being introduced under the ‘Ten Minute Rule’ by Peter Aldous MP, has attracted cross-party support with the full permitted complement of…

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