You can lump it

Article Abstract:

The UK Inland Revenue and the Contributions Agency are determined to take action against construction industry workers who exploit loopholes in the 714 certification scheme, claiming self-employed status and therefore avoiding paying tax. From Apr 06 1997, construction industry employers will be obliged to place so-called self-employed workers on their payrolls, thus making themselves liable for large sums in National Insurance contributions. Some observers believe that many workers who wish to retain self-employed status will simply transfer to employment services companies.

Taxation, Self-employed persons, Self employed persons

---

Gentlemen prefer bonds

Article Abstract:

It has long been the practice in the construction industry for main contractors to demand retention money from their subcontractors. However, in some cases, retention money is not returned until the end of a project's defects period, which could be some years after completion. Some sectors of the construction industry are turning to performance bonds as a guarantee and are refusing to work on projects where retention money is demanded. But many main contractors and local authorities are reluctant to support bonds and it is uncertain whether they will gain general acceptance.

Usage, Subcontracting, Suretyship and guaranty, Guarantees, Sureties

---

World at one

Article Abstract:

The European Union's little-known Government Procurement Agreement, aimed at opening up public sector procurement, was introduced in January 1996. Signatories to the agreement promise to open-up government contracts to other nations. The EU's 15 member states are signatories, together with seven other nations, including the US, Norway and Switzerland. Many in the construction industry seem to be ignorant of the agreement, which is the gateway to a worldwide public sector procurement market amounting to some $400 billion/y.

European Union, European Union. European Commission, Government purchasing

Similar abstracts:

• Abstracts: Balfour's cultural revolution. Move on up
• Abstracts: Sporting chance. The race to rebuild Manchester. Manchester firms suffer after bomb
• Abstracts: Dancing partners. Sunny and shared. Starting block
• Abstracts: Contractors tap into 250m pounds sterling Cheltenham spy centre. Dearer, dera, dear
• Abstracts: The Wilson years. Natural selection. Buy-right

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.