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Construction bosses warn of 'devastating impact' of scrapping HS2 link to Leeds newcivilengineer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newcivilengineer.com Daily Mail and Mail on Sunday newspapers.
The future of Babcock International’s rail and powerlines business is in doubt after the company revealed plans to raise £400m from the sale of non-core ....
In our second major analysis of industry payment-practice reports, Megan Kelly delves into the government data to identify the best and worst payers in the sector. We also look beyond the headline figures to uncover the often complex reasons why some companies appear able to settle their debts more swiftly than others Slow payment has long plagued construction. It comes as no surprise to learn that, in 2020, amid a global pandemic, a national shutdown, and with many companies struggling for cash, poor payment practices have again come to the fore. According to Construction News’s latest analysis of government payment data, most of which was collected after the first lockdown was enforced in March 2020, many must still wait well beyond 30 days to receive payment. Adding to cashflow challenges, nearly a third of all payments breached agreed terms, typically meaning a commitment to pay by some other deadline beyond 30 days was also missed. ....