Who's going to pay

Article Abstract:

Lawyers working for UK construction companies are advising their clients to claim against the suppliers of equipment, such as security devices, if they fail to work on Jan. 1, 2000. Some companies are willing fit upgrades at no cost whilst others point out to give away free equipment is not cost effective. The year 2000 computer bug could cost the UK construction industry and related services some 500 million pounds sterling. A number of legal experts have pointed out the most recent specifiers are likely to be subcontractors and therefore they will be held liable.

United Kingdom, Year 2000 transition (Computers)

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M&E giants ban retentions

Article Abstract:

Members of the UK Heating and Ventilating Contractors Association are set to introduce a retention bond system, under which main contractors will not be permitted to impose cash retentions to cover defects which may be detected after completion. It is possible that this approach will create a 400 million pounds sterling a year cash deficit for main contractors until they receive retention payments from their own clients. The move follows extensive problems among mechanical and electrical subcontractors with obtaining retention payments.

Subcontracting

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Wanted: Egan converts with industrial leanings

Article Abstract:

Commercial property developer Buxton Estates is seeking like-minded partners for its projects after introducing a new procurement model. The company, which has 30 million pounds sterling to invest in suitable developments, is managed by two Egan evangelists, property director Tim Wheeler and director of project management Chris Sheedy. They have decided on four key criteria for suppliers: technical excellence, attitude, location and size. By following the new model, Brixton Estates has so far reduced construction costs by 15%.

Brixton Estate PLC

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