Licence to kill
Article Abstract:
The UK 90s recession has resulted in an increase in the usage of on-demand bonds. On-demand bonds provide clients with security against insolvency of in between 10% and 20% of the contract price. They can be demanded at any time, for no reason. Some main contractors have been demanding payment of bonds from subcontractors to save themselves from receivership. The public sector as well as the private sector are increasingly bonds. The Federation of Civil Engineering Contractors intends to lobby the government to abolish the bonds.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1993
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Best sellers
Article Abstract:
Contractor Mansell is expected to be included in the Confederation of Construction Specialists' (CCS) White List. The list includes the names of contractors that offer considerate contract conditions, pay on time, and act ethically. Mansell has recently launched an award scheme for suppliers and subcontractors. The introduction of the scheme is discussed, along with details of a similar scheme launched by McCarthy & Stone.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1996
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