2020-02-19
News

Improving payment practices in construction

Home / Knowledge base / Improving payment practices in construction

Posted by Michael Hiscock on 29 November 2017

Michael Hiscock Partner - Head of Construction

Senior national figures in construction are being brought together by a leading law firm in the Midlands to put forward their ideas on improving payment practices in the industry.

Professor Rudi Klein, chief executive of the Specialist Engineering Contractors’ Group and a prominent campaigner for improvements to payment performance in construction, will share his views on the hot industry topic which is being reviewed by government.

He will be joined by barrister and arbitrator Tony Bingham, construction contract consultant Michael Rowlinson and arbitrator, adjudicator and mediator John Riches on the expert panel event being organised by Wright Hassall on Friday, December 15.

The Construction LawBytes seminar is taking place as the government consults on the practice of cash retention under construction contracts with a view to improving payment practices, which particularly impact on small and owner-managed businesses.

Mike Hiscock, construction partner at Wright Hassall, which was recently awarded Regional Law Firm of the Year, said the event was a rare opportunity for anyone working in construction to hear directly from, and share their views with, industry influencers.

He said: “The seminar is extremely timely as we are bringing together four leading figures in construction to talk specifically about their ideas for freeing up payments within the industry and making it more financially efficient.

“In our experience, some payment delays are due to people not understanding the system and not following the right procedures, and it is causing difficulties at all levels from multinationals to SMEs who have to fight hard for income which is their lifeline.”

The event, from 12.30pm to 2.30pm, will be held at the Wright Hassall offices in Leamington Spa.

About the author

Michael Hiscock

Partner - Head of Construction

Michael is a specialist in construction and engineering procurement, advising on a wide variety of works contracts.

Michael Hiscock

Michael is a specialist in construction and engineering procurement, advising on a wide variety of works contracts.

Recent articles

29 May 2020 Return to the workplace risk assessments

Following recent Government announcements, the time has come to consider a phased return to places of work. Obviously, given the unprecedented nature of Covid-19, such a process will be riddled with confusion for both employers and employees – how will the return to work operate?

Read article
28 May 2020 Guide to restrictive covenants

Employment and consultancy contracts often contain clauses restricting an individual’s working activity when they leave a business. These clauses, ‘post termination restrictive covenants’, typically restrict the ex-staff member’s ability to work in competing businesses, to deal with clients, to try to win business from them, or to poach other staff members.

Read article
28 May 2020 Could COVID 19 bring the end of high rise and cramped living?

On 14 June it will be three years since the Grenfell tower tragedy, global warming is adversely affecting the environment causing floods and other natural disasters, and the country is on lockdown because of coronavirus.

Read article
Contact
How can we help?
01926 732512
CALL BACK