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The Specialist Engineering Contractors' (SEC) Group -

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The Voice of the Specialist Engineering Contractor

Together, these organisations act on behalf of a sector comprising over 60,000 firms and a workforce of more than 300,000. They account for the largest single component (by value) of construction output.

SEC Group prides itself on being at the forefront of developments within the Construction Industry, and on being able to influence both government policy and senior figurers in the industry through its wide network of contacts

SEC POSITION ON CURRENT ISSUES

Building Information Modelling (BIM)| Health and Safety | Integrated Project Insurance | Lobbying | Fair Payment | Prequalification | Procurement | Project bank Accounts (PBAs) | Retentions |

COMMENT

Rudi Klein talks about the issue of the moment -

Protection of cash retentions

Rudi KleinEvery year thousands of small businesses in construction lose millions of pounds handed over by way of cash retentions.

Cash retentions are withheld from progress payments ostensibly as security against failure to remedy defects. In practice they are deducted to support the cashflow of the paying party.

The amount withheld is normally 5% but, in some cases, it is up to 10% (and even beyond this figure). Half of the withheld retention should be released on handover of the work but even this is not always the case.

For most small businesses the wait for the release of their retentions can be up to 3 or 4 years after handing over their works. In the meantime the paying party may have gone into insolvency. The monies are lost even though they belong to the firm which has carried out the work.

What are we waiting for?
The Enterprise Bill provides another opportunity to address this issue. Would you support the inclusion in this bill of a provision that requires that cash retentions are placed in trust (or that alternative security such as a bank guarantee is provided)?

LATEST NEWS
SEC GROUP LIFTS LID ON POOR PUBLIC CONSTRUCTION PROCUREMENT

New research from the Specialist Engineering Contractors’ (SEC) Group has painted a worrying picture about the state of procurement in public sector construction in the UK.

The year-long survey, based on questions submitted under the Freedom of Information Act (FOI) involved almost every public body in the UK (other than central government) – local councils, universities, fire and police services and NHS Trusts.

The results of the survey were launched at an event at the House of Commons on 11 February 2015, attended by industry leaders, members of government, civil servants and the press. The reports are available on the website click here.

Download SEC Group Priorities for 2014

Implementation of PBAs across Highways England Lloyd Biddell June 2015 Download

PUBLIC CONTRACTS REGULATIONS 2015
SEC Group Commentary Regulation 113 of the Public Contracts Regulations 2015: obligation to pay within 30 days March 2015 Download

UPDATED BIM Guide SEC August 2014 This Guide explains the potential benefits to individual firms in adopting BIM Download

SEC GROUP QUARTERLY FOCUS KEY ISSUES June 2014

June 2014 PROTECTING CASHFLOW: WHY YOUR PAYMENTS ARE BEING MADE THROUGH A PROJECT BANK ACCOUNT

On this homepage you will see listed, the issues with which SEC Group is currently involved, and we hope that you will be able to find on this list the issue which is of concern to you. If you click on the topic, this will link you to all the relevant papers SEC has gathered on this topic up to now.

Contacts

Sarah Greatorex Executive Secretary
Specialist Engineering Contractors' Group
Lincoln House 137-143 Hammersmith Road London W14 0QL
Tel: 020 7313 4819/4819

contact@secgroup.org.uk

carol.cooper@secgroup.org.uk

Download PDF Map to office

Andrew Marchant
National Executive Officer SEC Group Wales/Cymru
Specialist Engineering Contractors' Group
Garden House', Tyle House Close, Llanmaes, Vale of Glamorgan, CF61 2XZ Tel: 01446 790159 mobile: 07795 394499
andrew.marchant@b-es.org

Alan Wislson
National Executive Officer SEC Group Scotland
SELECT
The Walled Garden
Bush Estate Midlothian EH26 0SD
Tel: 0131 445 9217
alan.wilson@select.org.uk

Alfie Watterson
National Executive Officer SEC Group Northern Ireland
25 Prospect Road
Bangor Co Down BT20 5DA
Tel: 028 9147 9527
Fax: 028 9146 8641
Alfie.watterson@eca.co.uk

 


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Specialist Engineering Contractors' (SEC) Group – The Voice of the Specialist Engineering Contractor