A new survey conducted by the CICV has found that Scottish construction businesses continue to struggle with late payments, payment reductions and unresolved disputes. Despite government and industry efforts to address financial challenges in the sector, the poll highlights that there is still a significant gap between purported initiatives and actual improvements in payment practices. […]
Tag: Len Bunton
The CICV has praised the industry for embracing its drive to improve payments and cashflow – and says the positive response to its recent campaign demonstrates that there is a real appetite for change across the sector.
The CICV has followed up the results of its recent payments survey by issuing a new Best Practice Guide to help contractors and sub-contractors improve cashflow and prevent costly and damaging disputes.
Construction businesses in Scotland are still suffering the scourge of late payments, outstanding retentions and unexpected charges, a new survey by the CICV has revealed. Some 68% of respondents to our poll said their payment terms were altered negatively, with 60% claiming adjustments to payments were made with little or no explanation. And 69% of […]
The CICV has welcomed the launch of the new Scottish Construction Accord – but has also urged all elements of the construction industry to embrace it and work together to make it effective. Launched last week by Scottish Government Minister Ivan McKee, the new initiative is a collaboration between the industry and the public sector […]
After a year in which the construction industry in Scotland moved from crisis to recovery and rebuilding, members of the CICV Forum are looking forward to 2022 in a positive frame of mind. Asked about their wish-list for the sector for the coming year, its leading members expressed a strong desire for the continuation of […]
In its latest initiative as a major voice within the Scottish construction sector, the CICV Forum has unveiled a new guide to the crucial and increasingly complex issue of professional indemnity insurance (PII). The easy-to-understand downloadable document, produced by the Forum’s unique collaboration of trade associations, professional bodies, companies and individuals, outlines the state of […]
After marking the anniversary of its first-ever meeting, key members of the CICV Forum have revealed their personal highlights of working together for the ever-expanding collective. The unique collaboration of trade associations, professional bodies, companies and individuals has helped guide the industry and public through a year of massive upheaval with a wealth of information […]
A leading financial expert has joined the panel of experts offering advice on project bank accounts (PBAs) at the first CICV Forum commercial webinar. David Rennie, Relationship Director at the Royal Bank of Scotland, will play a starring role in the opening Forum webinar on Tuesday 15 September, which aims to help construction industry professionals […]
The CICV Forum is hosting a series of free advice webinars to help industry professionals improve their contractual and commercial awareness on construction projects. Hosted by leading industry experts, and running fortnightly across six sessions from September to November, the online discussions are aimed at public and private sector employers, contract and commercial managers, architects, […]
Leading CICV Forum member the Scottish Building Federation (SBF) has followed in other organisations’ footsteps by signing up to the Conflict Avoidance Pledge (CAP). A joint initiative by the Royal Institution of Chartered Surveyors, the Royal Institute of British Architects, the Institution of Civil Engineers and other major professional bodies in the built environment, the CAP aims to […]
The CICV Forum has launched a major consultation among its members to discover what stakeholders want for the Scottish construction industry after COVID-19 – and how to achieve it. With companies beginning a phased return to work, the wide-ranging questionnaire addresses multiple issues which have not gone away during the pandemic and suggests that the […]
Following the resounding success of its first webinar, the CICV Forum is immediately staging a follow-up event as the sector begins its long-awaited return to work. The latest online webinar will take place on Wednesday 3 June on the crucially important subjects of cashflow and contracts. It will feature three industry experts – Consultant Len […]
The CICV Forum has presented Holyrood with a paper of comprehensive recommendations to ease the cashflow crisis as the group continues fighting to save Scotland’s construction sector during the COVID-19 pandemic. The paper, which outlines a series of urgently-needed actions to improve liquidity in the industry, will go to both public and private sector clients, […]