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Auditing Giant KPMG Fined $18M Linked to Carillion Bankruptcy

ENR Construction

UK levies penalty for firm's misleading regulators into the quality of its financial audit of British contractor before its unexpected collapse under huge debt in 2018.

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Thames Water presses ahead with £300m framework race

Construction Enquirer

Despite growing concern about Thames Water’s high debt levels, the water company is pressing ahead with the race to find consultants to head up its strategic water resources options plan. The plans to encourage the construction of a water network is part of regulator Ofwat’s drive to secure water supplies.

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Phases of Commercial Real Estate Development

Construction Marketing

This includes analyzing factors such as zoning regulations, transportation access, and market demand. After acquiring the property, the developer must design and plan the project, considering factors such as building codes and zoning regulations, the intended use of the property, and the target market.

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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April. Doncaster based residential developer Empire Property Concepts Ltd went into administration owing suppliers and subcontractors more than £500,000.

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Commercial Debt Collection – How Do I Collect When A Company Owes Me Money?

Construction Law Monitor

The most important distinction between the rules of B2B and B2C is that consumers are much more protected by government regulation. The Fair Debt Collection Practices Act protects the consumer, not businesses. There are at least two phases of debt collection, each of which could arguably be broken down into subcategories.

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Elements Europe wins Digbeth 550 rental flats

Construction Enquirer

Goodstone Living has secured more than £100m of debt financing from NatWest and Allied Irish Bank to develop Smith’s Garden Around 1140 modules needed for the project will be manufactured in Telford between November 2023 and January 2025. Elements Europe is majority owned by $9.5

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A Housing Slowdown Is Underway, but This Downturn Is Nothing Like the Last One, Experts Say

Pro Builder

Unlike the bubble and bust of 2007, today’s housing market is bolstered by much stronger lending regulations, record low mortgage debt, and a significant flow of tappable equity, which will provide a cushion for many homeowners as prices begin to fall.

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