The Court of Appeal has in the recent case of Triple Point Technology Inc v PTT Public Co Ltd (Triple Point) handed down judgment to clarify the law on whether an employer can recover liquidated ascertained damages (LADs) after termination of a contract. The good news, if you are a…
Amey released its accounts for 2018 this morning, revealing a £428m pre-tax loss. We've identified five key factors that reveal what went wrong, and how the company has kept going. Support from Ferrovial Amey has now lost more than £662m over the past three years, which would be enough to sink…
Experts are worried about the major tax change that will hit the construction industry in a little over two months time. David Price takes a look at the complications and why there has been so little awareness of the changes.
“It’s always just before changes come in that people get their heads around…
The Conservative Party leadership election was always going to centre on the UK’s Brexit-negotiation strategy. But it's domestic policy that will determine the long-term economic prospects of London and the UK – and, of course, the success of the next government. The newly appointed prime minister has outlined some policies…
Kier has today unveiled a fresh attempt to try and reduce debt, shore up its balance sheet and ensure it doesn't suffer the same fate that this week befell yet another top 100 contractor in Shaylor Group. Its share price hit record lows on Friday on news it would sell…
The construction industry faces one of the most difficult times I have experienced in my 35 years in the industry. The financial turmoil of 2008 was difficult, but the current economic and political environment has created a level of uncertainty that is having an unprecedented impact, be it through delayed…
Hidden within the construction sector is a surprising amount of innovation.
And the businesses carrying out this research and development (R&D) activity are entitled to a generous reward from the government’s R&D tax incentives. R&D tax credits are not something you should put off for another year. With small- and medium-sized…
These are uncertain times, and uncertainty of any kind creates problems for business.
Problems of long-term funding, of short-term cash flow. Staffing for today, staffing for tomorrow. Construction businesses must know that goods, services and skills will be delivered safely, reliably and on time. That’s for supply chains simply to function,…
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