Accounts you can trust, really
Article Abstract:
Sir Michael Latham has recommended the introduction of compulsory trust funds within the construction industry to protect the interests of all involved. The Specialist Engineering and Construction Contract involves the employer putting all the money into a trust account, and then paying the contractor and specialist contractors a fixed monthly sum out of it.
Publication Name: Electrical Contractor
Subject: Engineering and manufacturing industries
ISSN: 0308-7174
Year: 1995
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People hold on: retentions have long been regarded as unjust but attempts at abolition have met with no success
Article Abstract:
The common practice in the UK construction industry of the employer deducting a retention from payment to main contractors and subcontractors can have significant drawbacks. It is argued that a bond would be a better option than the deduction of retention, but some employers regard retention as a way of boosting their cash flow.
Publication Name: Electrical Contractor
Subject: Engineering and manufacturing industries
ISSN: 0308-7174
Year: 2001
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Perform 21 comes of age
Article Abstract:
The features of new Perform 21 that obtains 'best value' of Public Sector Partnering Contract for local authorities in United Kingdom are examined.
Publication Name: Electrical & Mechanical Contractor
Subject: Engineering and manufacturing industries
ISSN: 1471-5635
Year: 2005
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