Work on 50 high-risk projects must pause, says safety regulator

The Building Safety Regulator (BSR) has said that work on more than 50 ‘higher risk’ projects will need to be paused until it can sign off their applications, Construction News can reveal. The move follows the compulsory liquidation of private registered building control approver AIS… The post Work on 50 high-risk projects must pause, says safety regulator appeared first on Construction News.

Carillion collapse: catastrophe echoes five years on

Five years on from the collapse of Carillion, a £1.3bn legal dispute continues to rage over the audit of major long-term construction projects held by the firm. At the time of its compulsory liquidation in 2018, with liabilities of £7bn, the Birmingham-headquartered company was the… The post Carillion collapse: catastrophe echoes five years on appeared first on Construction News.

Carillion staff’s second compensation bid fails

More than 140 former Carillion staff have had their plea for compensation rejected at an Employment Appeal Tribunal. The workers all lost their jobs when the £5.3bn-turnover contractor plunged into compulsory liquidation in January 2018, shocking the construction industry and tearing chunks of financial buffer… The post Carillion staff’s second compensation bid fails appeared first on Construction News.

Silver Shemmings Ash - Insolvency & Cash Flow in the Construction Industry, 26052021

Mohammed Haque looks at the ongoing Coronavirus Pandemic and the continuing resulting impact on cash flow and insolvency in the Construction Industry