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government payment

Government Leading By Bad Example

The issue of poor payment practices has been brought to the political forefront since the collapse of Carillion last year, as anyone familiar with the construction industry well knows. The...
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sign contract

Think Before You Sign: 5 Tips For Contractors To Bear In Mind

In our years of experience at CRS, we’ve found that contractors often don’t spend enough time negotiating their legal position before signing a contract with a developer, particularly when it...
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Shares plummet as Interserve announces refinancing talks

In the latest series of large contractors struggling with climbing debt, Interserve has recently confirmed it is engaging in talks with lenders regarding refinancing and a possible debt-for-equity swap. The...
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Commercial Debt Recovery

Retentions: Retain Or Rid?

The first day of the 2018 Construction News Summit saw Construction Minister Richard Harrington announce that the government policy on retentions is going to change ‘very soon’.   Commentators within...
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Shining The Spotlight On Client Debtors

Late payments in the construction industry have long plagued and even killed the livelihood of contractors big and small.   It is an issue that is only now being brought...
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Subbies Aren’t Safe

Anyone who has been following our last series of blog posts will be well aware of the pressure under which UK construction firms are now beginning to crack.   Brexit’s...
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Construction Lending Down £1.5billion

The construction industry has always been rife with cashflow issues throughout its various tiers, but these look set to worsen across the board, as the latest Bank of England figures...
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Brexit: The Potential Effect Of A ‘No Deal’ On Construction

We are all well familiar with the topic of Brexit. Amidst the talks; vague plans, ambiguous terms, and general uncertainty about the future. But for an industry of its size...
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Forget Carillion At Your Peril!

Just because Carillion hasn’t been in the headlines for a few weeks and you may not have felt the impact of their demise yet, don’t think that we are out...
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Debt Recovery Specialists

Who’s Signed Up?

A mere 4 out of the Top 100 Construction Companies have signed up to the government’s Construction Supply Chain Payments Charter since it was set up in January 2015 and...
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Catalyst For Change? Is the Construction Industry Fit for Purpose?

Build UK, an organisation that represents 40% of the construction sector is looking to learn lessons from the demise of Carillion and is trying to lead a wholesale change in...
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Carillion in Liquidation

The knock-on effect of Carillion’s failure is potentially massive for the construction industry, even for those contractors who don’t work for them directly. IP’s are likely to be consulted in...
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Commercial Debt Recovery

Too Many Pretenders! Don’t be Fooled!

The amount of work we receive from INSOLVENCY PRACTITIONERS AND ASSET BASED LENDERS that other people have ‘already had a go at’ is astounding.   Whether it be internal staff,...
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Tricky Times Ahead for Construction

IPs Urged to Monitor Construction Businesses as Decline Forecast   The Construction Products Association has downgraded its forecasts for the construction industry with no growth expected in 2018 and CRS...
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Network Rail Bans Retentions! But what about your retentions?

Network Rail has this week announced that it will be banning all retentions. A move which is intended to protect sub-contractors in tier 2 of the supply chain. The overhaul...
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Construction Insolvencies UP 73%

It may have not gone unnoticed that I’ve had a bit of a bee in my bonnet about Carillion, the way that they acted, the way that they allowed the...
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Who Says Retentions are Worthless?

RETENTIONS – THE FACTS Do You Know That……? Contract Retentions Average 5% of Contract Value 71% of Contractors Find Retentions are Never Paid on Time >50% of Contractors Never Get...
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Recovery for IPs

No Win No Fee on Commercial Debt Recovery for IPs Do you need help collecting commercial debts?   CRS now offers general debt recovery services to our clients across a...
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Alarm Bells Ring as Profit Warnings Signal Future Insolvencies

Alarm bells should be ringing for insolvency practitioners and construction company owners as a big increase in profit warnings potentially predict  a much higher number of insolvencies in the construction...
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FREE Initial Review

CRS provides a FREE initial review of the ledger, detailing the total amount of book debts, work in progress and retentions outstanding from each debtor and a predicted recovery based upon the information provided and the status of the company. Call 0114 236 1884 now to find out more about this free, no obligation offer.

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