World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Bad payers drive poor behaviour

UK: Dame Judith Hackitt’s review of building regulations and fire safety following the the Grenfell Tower fire has stated that payment terms can drive poor behaviour.

The report, Building a Safer Future – Independent Review of Building Regulations and Fire Safety finds that payment terms, such as retentions, within contracts can put financial strain into the supply chain. “For example, non-payment of invoices and consequent cash flow issues can cause subcontractors to substitute materials purely on price rather than value for money or suitability for purpose,” the report states.

Speaking on behalf of the Specialist Engineering Contractors’ (SEC) Group Professor Rudi Klein maintained that this was further confirmation of the damaging impact that payment abuse was having on industry performance.

“There cannot be any excuse now to delay much-needed action to improve payment security for SMEs in construction supply chains,” he said.

The SEC Group has been urging the government to insist on a requirement for project bank accounts throughout public sector construction. In addition, it is calling for a statutory 30-day payment on public contracts, the introduction of a yellow/red card system to ban poor payers from public procurement for 3 years, and also supports  the private member’s bill now in the House of Commons to protect retention monies.

Latest News

26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.
25th February 2024

Home heat pump install for newly-trained engineers

UK: A UK charity is proposing to give newly trained heat pump installers an air-source heat pump to install in their own home.
23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.