From 25th March 2020, businesses that are dealing with the impact of Covid-19 will be able to apply for a 3-month extension for filing their accounts. This is a joint initiative between the Government and Companies House, and means approximately
The Specialist Engineering Contractors’ (SEC) Group – representing the largest value sector in UK construction – has expressed major concerns over the impact of COVID-19 on SMEs (which comprise 99% of firms in the construction industry). SEC Group is highlighting
Barrister Rudi Klein gives some timely advice on Letters of Intent. What is a Letter of Intent? Letters of Intent (LoI) are in regular use across the industry, and often feature regularly in disputes in the courts. In its simplest
Last year’s collapse of Welsh-based company Dawnus Construction has hastened progress towards protecting SME payments in Welsh construction. In December 2017 Mark Drakeford, when Cabinet Minister for Finance, launched a new project bank account policy “to support ethical business practices
In the wake of the lack of effective measures to deal with payment abuse following the Carillion collapse two years ago, Labour peer Lord Mendelsohn will introduce today [Tuesday 21 January 2020] a new payment Bill. Lord Mendelsohn has taken
Following the success of the 2019 Contract Law Seminars, Birketts LLP and the Scaffolding Association will be continuing with their series of legal events throughout 2020. Talking about the partnership Stacey Underhill, Head of External Affairs at the Scaffolding Association,
Rudi Klein, CEO of SEC Group, urges action on payment abuse Members of the construction sector should be contacting their MPs with a message that demands attention: Unless MPs support legislation to enhance payment security for SMEs in construction the
Martin Ward, an associate director of Amicus Insurance Solutions, outlines an aspect of insurance that is often overlooked – protecting the ownership of the business. When a business owner or partner dies, in addition to the obvious sadness and everyday
The access and scaffolding sector is waking up to changes in VAT invoicing and payments that come into force next month. At the time of going to press, a united construction industry was lobbying hard to have the changes delayed
Barrister Rudi Klein advises readers on the legal requirements applying to payment terms in temporary works contracts. The example schedule above should be used for each of your contracts. It incorporates legal requirements relating to the payment process and alerts
