The Edge Corporate

The UK Government has introduced a new Fair Payment Code to address late payments to subcontractors and suppliers, replacing the previous Prompt Payment Code.

Consultancy firm Turner & Townsend (T&T) is advising clients to avoid fixed-price contracts, cautioning that such agreements pass excessive risk onto contractors and may negatively impact project outcomes.

Providence Building Services has successfully won its appeal in a high-profile contract dispute with Hexagon Housing Association Limited, marking a significant victory for contractors dealing with late payments.

James Rowbotham has been named the new chair of the Construction Productivity Taskforce, an initiative focused on tackling the persistent productivity issues in the UK construction industry.

Public procurement is a critical function in ensuring that resources are allocated efficiently and essential services are delivered effectively.

The Supreme Court has clarified a key issue in construction contract law, ruling that a collateral warranty does not qualify as a construction contract under the Housing Grants, Construction and Regeneration Act 1996.

The Construction Leadership Council (CLC) is urging the next UK government to revitalize private finance in the construction industry, presenting a plan that could inject £45 billion annually into the UK economy by boosting industry productivity.

QBE Europe, a leading provider of business insurance, has announced its withdrawal from the construction bonds market for major contractors.

The Joint Contracts Tribunal (JCT) has announced the release of its updated Minor Works Building Contract 2024.

Five prominent merchants have taken the lead by becoming the first to join the Code for Construction Product Information (CPPI).

In a bid to enhance risk management awareness and empower professionals in the construction industry, the Construction Industry Council (CIC) has recently released a crucial resource.

In a recent survey conducted by Scotland's Construction Industry Collective Voice, a staggering eight out of ten Scots in the construction sector are grappling with persistent and deep-rooted payment challenges.

The recently approved Procurement Act, having received Royal Assent on October 26, 2023, marks a significant evolution rather than a revolution in the procurement landscape of the UK.

In a surprising turn of events, the UK government has announced the scrapping of the northern leg of HS2, redirecting the £36 billion funds into a bold and expansive new transport scheme – Network North.

In a significant move to bolster corporate payment transparency, the UK Government is reinforcing contractor payment reporting laws, introducing stringent measures that include reporting retention records in six-monthly returns.