Wise Up Wednesday: Construction in Crisis? BBC Radio 4
Construction in Crisis? File On 4: 8:00pm Tuesday 10 July 2018.
As a specialist contractor I would encourage you to tune in to this in depth programme on Radio 4 to which StreetwiseSubbie.com contributed background information.
Here’s a link to the programme; Construction In Crisis
Here’s an edited version of the BBC blurb; “In January, Britain’s second biggest construction firm, Carillion, spectacularly collapsed under a £1.5 billion debt pile. Thousands of jobs were lost, pensions were put at risk, and around 30 thousand smaller subcontractors, who’d already completed work on projects, were left being owed a total of £2 billion.
A report by MPs slammed the government contractor’s ‘rotten corporate culture’, claiming those at the top treated suppliers with ‘utter contempt’. There was also a stark warning that a similar collapse could happen ‘again, and soon’.
Has anything changed six months on?
File on 4 investigates an industry treading a financial tightrope – a world of huge turnovers but tiny profit margins, spiralling debts and late payments. Alistair Jackson speaks to subcontractors who say they’re still working in ‘a climate of fear’, and are being pushed to the brink, financially and emotionally, by their bigger construction counterparts.”
Subbies Are Still Being Ripped Off
Almost every day another Specialist Contractor contacts us to get our help because his account has been clobbered by the Contractor or one of the big Specialist Contractors they are working for.
Set Off and Payless Notices are the weapons of choice of today’s Contractors, and they can be pretty devastating for your business!
You’ve done the work (or at least the vast majority of it), the Contractor owes you a tidy sum, (because his undervaluation has been mounting up), and that’s when you are most vulnerable.
As a Sub-Contractor getting paid at this point could mean the difference between survival and insolvency!
Want To Know How To protect Your Business?
Come and discover the Secret Keys To Minimise Risk and Maximise Profit, that we have been putting into practice on behalf of Specialist Subcontractors for the last 28 years.
And they’re are being revealed at our July events;
“Understand Your Contract to Minimise Risk and Maximise Profit”
“Introduction To Contractual Awareness and Using JCT Subcontracts”
WHEN/WHERE IS IT? The dates and fast access venues are as follows;
N.B. Only 3 places left at Watford
12 July – Birchwood Park and Country Club – Dartford Close to M25 and M20
17 July – The Jurys Inn – Watford Close to M1 and M25
18 July – Marriott Hotel – Waltham Abbey Close to M25, M11 and A10
Here’s what your fellow Subcontractors said about our last event;
“Easily digestible information delivered in an interesting and easy to understand format”
“Very detailed and informative”
“Very informative and well delivered”
“We were struggling to get paid; not any longer!”
Session 1 – Contract Formation Session 2 – Introduction to JCT Contracts and Construction Act Session 3 – Time, Notices and Delay and Disruption Session 4 – Instructions, Variations and Maximising Return Session 5 – Getting Paid On Time and the Right Amount Session 6 – Resolving Conflicts and Disputes Session 7 – Putting It All Together
WHO SHOULD ATTEND?
Our events are exclusively for Specialist Contractors so you are in the friendly company of other Specialist Contractors, and everything is designed to provide a broad appeal for all Specialist Contractors staff including;
Estimators, Contracts Managers; Project Managers; Commercial Managers, Quantity Surveyors, Credit Controllers and Directors
WHAT WILL WE GET OUT OF IT?
The Secrets To Getting Paid and Minimising Risk and Maximising Profit! Specialist Contractors don’t get paid because they don’t understand the contract or don’t apply it when they should. We will reveal all you need to know to enable you to understand the fundamentals of those subcontracts, and how to get paid.
WHAT DOES IT COST?
The value of this whole days training is £350 + VAT, however, you can get your Early Bird booking discount and enjoy the reduced rates as follows;
10% discount when you book one place
20 % discount when you book 2 or more places
And if you are a member and StreetwiseSubbie Buddy (or join us now), you are eligible for even more heavily discounted preferential rates.
All rates are subject to VAT
Booking couldn’t be simpler, just contact me directly on 01773 712116 or email me at firstname.lastname@example.org to confirm your places.
But hurry there are only 3 places left at Watford and the others are booking quickly.
Thanks and best regards
P.S. Please remember that we are here to provide solutions exclusively for Subcontractors. If you want the Secret Keys To Getting Paid Properly or have a payment problem, not sure what to do or just want a second opinion, then we are here for you. Please give us a call on 01773 712116, or email email@example.com today.