Collapsed contractor landed new contracts during ‘controlled wind-down’

Jerram Falkus Construction was awarded three new contracts during a managed wind-down of the business, administrators have revealed. The Shoreditch-headquartered main contractor, which was founded in 1884, was in the process of being wound down when a cashflow crisis forced it into insolvency, a newly… The post Collapsed contractor landed new contracts during ‘controlled wind-down’ appeared first on Construction News.

Cashflow milestone for Kier

Half-year results for Kier show an average net cash position for the first time in 13 years.

Why the AI boom is different than the dot-com bubble

Real companies with deep pockets are spending hundreds of billions of dollars, creating cash flow for contractors, especially those in the electrical space, write two consultants.

Caldwell Construction collapse will have ‘negative impact’ on supply chain

Caldwell Construction has entered administration, following mounting pressure on cashflow and operations. The post Caldwell Construction collapse will have ‘negative impact’ on supply chain appeared first on Construction Management.

Almost 100 creditors seek £2.7m from defunct groundworks specialist

Administrators of a London-based groundworks specialist have received almost 100 claims for money from unsecured creditors. Corbyn Construction went under in May, blaming cashflow problems partly caused by suppliers reducing their credit terms. A newly published report by administrators at FRP this week said that… The post Almost 100 creditors seek £2.7m from defunct groundworks specialist appeared first on Construction News.

CIPS - Contract Development & Mobilisation 02122020

In this CIPS podcast, Roger Holloway talks about the tendering and contract development of a new build construction project

CIPS - Improving Contract Management Skills: Applying Contract Leadership

In this CIPS video, guest Colin Linton highlights from his research the (top 10) keys skills required by highly effective Contract Managers. He also queries if organisations' existing tried and tested tools within their toolkit work

CN - Industry is reeling as HMRC abandons 'soft touch' approach, 07122022

Despite the GB Construction Output rising in September 2022, the construction sector experienced the highest number of insolvencies in the 12 months ending Q3 2022, accounting for 21 per cent of 344 winding-up petitions issued by the HMRC

Construction Management - Payment problems and how to avoid them 21112022

How can construction businesses minimise the risk of getting it wrong when grappling with payment mechanisms ... an article from the CIOB's Construction Management magazine

Metroun - What Is Project Cash Flow In Construction, 11052022

Keeping track of cash flow on a construction project can be essential for a lot of companies. This video takes a look at what project cash flow is and the reasons why cash flow can become negative and consequently, a problem on a project

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Is adjudication achieving its original goal of improving the construction industry's cash flow using a quick and accessible approach?