Construction Debt Recovery Issues. An ever-growing problem. As a recent Construction News analysis reveals its exposition of the payment practices of the UK’s top 100 contractors, we take a closer look at the persistent construction debt recovery issue of late payers in the construction industry. Cape Industrial Services, Imtech and Spie ranked amongst the slowest payers...Read More

The conversation on female representation in the construction industry is not a new one; but is one that seems to have produced as yet no real solution. It seems fitting therefore on International Women’s Day to discuss an issue whose pervasiveness is truly international. In Australia, for example, construction continues to be the most male-dominated...Read More

Tighten up your cashflow with our Credit Control Service. A recent study by recruitment company Randstad revealed that almost one third of EU nationals employed in the construction sector have considered leaving the UK as a result of the uncertainty surrounding Brexit. Of 1, 671 surveyed, 32% responded saying they had considered the option. A...Read More

In a pivotal ruling handed down last Thursday, the Court of Appeal has ruled that construction companies cannot avoid third party adjudication of disputes even if one of the parties is in liquidation or a company voluntary agreement. The case marks a resolution between the conflicting processes of ‘netting off’ by insolvency practitioners and adjudication...Read More

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 findings of December’s Business Select Committee inquiry underlined the effect of poor payment practices on small businesses, inhibiting growth and causing companies to fail. This...Read More

Customer refusing to pay for work done? 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 comes to the issue of payments and their being withheld and this can lead to customer refusing to pay...Read More

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 news comes a month after Interserve reported its net debt increased ‘more than expected’ and could reach £650million by the year’s end. Shortly after the...Read More

Retention money in construction contracts. Are things going to change?   The first day of the 2018 Construction News Summit saw Construction Minister Richard Harrington announce that the government policy on retention money in construction contracts is going to change ‘very soon’. Commentators within the industry are somewhat divided over the issue; between those in...Read More

Have you considered outsource credit control?   Late payments in the construction industry have long plagued and even killed the livelihood of contractors big and small. If you haven’t already it is time to consider outsource credit control.   It is an issue that is only now being brought to light.   Earlier this year, CN’s report...Read More

Ease Cashflow issues with CRS Credit Control. 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 uncertainty, Carillion’s collapse, falling margins and lower lending all spell a picture of doom and gloom in the...Read More