New procurement rules demand faster payment on major contracts
A new stricter procurement regime is being introduced to support the Government's 2019 Manifesto commitment to ‘..support start-ups and small businesses via government procurement, and commit to paying them on time.... <and> clamp down on late payment more...
Letter to industry: Registration of the Building Control Profession – transitional arrangements
Director of Building Safety for HSE, Philip White, has today written to the Building Control industry outlining new transitional arrangements for the registration of building control inspectors in England. The Building Safety Regulator has listened to the concerns...
Lens Blog: Learn to say, No
FIS Consultant Len Bunton shares his thoughts on why businesses should learn to say, No. Len's message is that businesses should not accept onerous contract clauses that increase risk, extended payment periods, or contra charges to name a few. In this blog, Len has...
Len takes a look back at 2023
As we get to the end of 2023 there is no doubt it has been a tumultuous year for the industry in the United Kingdom. We have experienced some significant business failures which regrettably have left a mountain of debt due to a wide range of subcontractors across the...
The 12 pays of Christmas
With cashflow continuing to be a thorny issue across the industry, it’s never been more important to ensure your payment preparations are in good health. Here, our expert elf delivers a dozen festive financial pointers to help prepare your business balance sheet for...
Lens Blog: It’s all about survival
FIS Consultant Len Bunton shares his concerns about the payment and cash flow issues in the construction industry in the UK. "Everybody who reads this will be acutely aware of difficulties in the current marketplace, and what I would like to do is to share some recent...
Lens Blog: Support for FIS members
FIS Consultant Len Bunton talks about the work that he carries out for members, and summarises some guidance that will help member organisations to improve cash flow within their organisation. The assistance we provide usually starts with a phone call from a member...
Keep on top of your cash flow, chase every payment, and don’t sit back and do nothing
The last few months have been hectic working for several construction organisations who are members of the various bodies that make up CICV. I have seen an alarming increase in the number of organisations that are suffering from payment and cash flow issues, and these...
Lens Blog: Termination
FIS Consultant Len Bunton talks termination of contracts. This is another minefield, and another good reason you should read contracts. Here, Len discusses what can you do to reduce exposure to a threat of termination. These monthly Blogs are designed to help FIS...
Lens Blog: Record keeping
FIS Consultant Len Bunton looks at the importance of keeping records and why this is vital. It is not uncommon for disputes to emerge on contracts that were concluded 3-4 years ago, so your records need to be collated and stored and archived, because you never know...