Fraudster Spent Months Posing as Contractor Before Diverting $14.7M Payment

A months-long scheme exposed weaknesses in how Mobile, Ala., officials verified construction payments for an arena project—even after the city faced a similar fraud months earlier.

Document Storage: Fire Ratings, Floor Loads and Retention

Size records storage in cubic feet before anyone picks a cabinet. NARA’s conversion is 1.5 cubic feet per letter-size file drawer and 2 cubic feet per legal-size drawer. Retention sets the volume. Federal agencies keep financial transaction records 6 years after final payment under NARA’s General Records Schedule 1.1, so the room has to hold […] <p>The post Document Storage: Fire Ratings, Floor Loads and Retention first appeared on CCR-Mag.com.</p>

Council settles £590,000 payment dispute with contractor

Southend-on-Sea City Council has moved to settle a late payment claim with a contractor after the firm launched an adjudication process against it. The council said it would pay almost £590,000 to Auburn Group over work done at the city’s Cliffs Pavilion performing arts centre,… The post Council settles £590,000 payment dispute with contractor appeared first on Construction News.

Beyond compliance: the hidden cost of slow subcontractor payments

Ian Moss, Payapps Marketing Leader – Australia & New Zealand, says meeting payment obligations under the Construction Contracts Act is one thing. But new research suggests a builder’s payment performance can also influence who tenders for their projects — and the price they quote. For New Zealand builders, meeting payment obligations under the Construction Contracts […] The post Beyond compliance: the hidden cost of slow subcontractor payments appeared first on Building Today.

Contractor loses bid to delay £1.6m adjudication payment

A contractor that argued paying a £1.6m adjudication judgment could put it out of business has failed to persuade the High Court to delay enforcement. The Technology and Construction Court said contractors relying on inability to pay must show they cannot raise funds from shareholders… The post Contractor loses bid to delay £1.6m adjudication payment appeared first on Construction News.

Construo event October 2024 presentations

Earlytrade supply chain payment app. Ambar Kelly risers shaft flooring, and Construo update.

Metroun - Googles Most Asked Quantity Surveying Questions Answered 10052023

With over 80% of the search market share, Google is undoubtedly the most popular search engine used worldwide. Additionally, Google captures almost 95% of mobile traffic. So when you or anyone around the world has a question, their first port of call is Google

Metroun - Pay Less Notice Explained (Housing Grants, Construction and Regeneration Act (HGCR) 1996) 05042023

This Metroun video explores Pay Less Notices in more detail and explains how they’re addressed in the Housing Grants Construction and Regeneration Act 1996.

Keating Chambers - Preparing for Challenging Times Ahead - Insolvency in the Construction Market, 31052022

King’s College London, in conjunction with, Fenwick Elliott, CMS, HKA and Keating Chambers present a seminar exploring the current construction climate, identifying and mitigating risks and how companies can prepare themselves for turbulent times ahead.

Metroun - QS Basics - Value Of Work Done (VOWD) Explained, 22022023

One of the main responsibilities you have as a Quantity Surveyor is to value work that has been carried out on a project. This video explores the "VOWD" process - Value of Work Done

Payless Certificates and Sums Paid

When can a paying party commence a "true value" adjudication?

In what ways could statutory payment notice provisions be amended to help improve payment practices in the industry?

What is the best method of linking payment to actual site progress?

Have we learnt anything from the collapse of Carillion two years ago?

Harbr

Harbr's secure platform enables fair payouts on early payments for contractors and better funding alternatives for clients.

Payar

Get paid for the work you've done instead of using credit, factoring, or invoice financing. One-time fee instead of interest payments Just a single early pay discount that you choose instead of ongoing borrow fees and interest payments. Control your costs and terms Set your own terms on payout timelines that make sense to your businesses needs.

TradeBids.co.uk

The TradeBids platform enables a better way for Contractors & Subcontractors to do business with Tradespeople & Trade Crews in the digital age.