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Government vetoes project bank account proposal

Construction Enquirer

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. “Instead, we intend to continue educating contracting authorities, through guidance, on the circumstances in which we believe PBAs are practical and effective.” ” .

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New collaborative framework expected for School Rebuilding Programme

Construction Law

The Department for Education (DoE) is to launch a new collaborative contractor framework to speed up delivery of projects under its flagship School Rebuilding Programme. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018

Viewpoint Construction Technology

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Viewpoint understands the challenges you face as an accounting, HR or other back-office professional. Don’t miss out!

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School buildings deterioration unacceptable and alarming, say MPs

Construction Law

The lack of basic information from the Department for Education (DfE) on the concrete crisis in schools is both shocking and disappointing, the Public Accounts Committee (PAC) warns in a new report. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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School buildings deterioration unacceptable and alarming, say MPs

Construction Law

The lack of basic information from the Department for Education (DfE) on the concrete crisis in schools is both shocking and disappointing, the Public Accounts Committee (PAC) warns in a new report. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Recognize the Revenue.

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Claritas Group heading for liquidation

Construction Enquirer

CEO and founder Jon Wardle confirmed the news in a statement while thanking staff and suppliers for the impact of the failure. ” Claritas specialised in projects up to £70m across the residential, commercial and education markets. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m