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Construction firms will soon have to pay 90 per cent of invoices within 60 days, or risk being excluded from public contracts. Clients, contractors and
As the UK continues to open up after a year of lockdowns and other restrictions, the construction industry has been at the forefront of the economic recovery with activity levels at a seven-year high.
Soaring demand has strained the availability of a number of key materials, with some experiencing double-digit inflation.
Earlier this year, the UK Government asked the Construction Leadership Council to monitor the situation, which saw it set up the Products Availability taskforce. In the months since it was founded, it has added more and more items to its list of products facing constraints.
Construction News looks at how some key materials have been affected and how the situation could develop in the coming months.
Actuate UK, a new umbrella organisation of trade bodies in the engineering services sector has been formed today.
The new alliance will fill the breach left by the closure of the SEC Group at the start of this year, though Actuate UK aims to tackle a much broader range of issues than the payment malpractices for which the SEC Group was renowned. In particular, the new group aims to drive progress on skills, sustainability and building safety, as well as recovery from the virus crisis.
At its launch, Actuate UK comprises eight engineering trade bodies:
Building Engineering and Services Association (BESA)