Pre-Budget Forecasts – What the construction industry can expect from Budget 2017

Election year budgets have a tendency to be the most expenditure focused of the triennium, often labelled as ‘lolly scrambles’ or ‘vote buying’, and ever since Treasury released the Budget Policy Statement in December it’s been clear Budget 2017 will be no different. As the Prime Minister put it in his pre-budget speech ‘A growing economy…

The Trump Wall (cont.)

  In May last year we commented on this blog on the seemingly impossible suggestion of a wall along America’s southern border with Mexico, outlining the many obstacles to be overcome before the wall could even be considered as a remote possibility. However, President Trump has never let the seemingly impossible stop him and has moved…

Sigh of relief on retentions

Under the Construction Contracts Amendment Act 2015, retention money withheld under commercial construction contracts will be required to be held on trust. The purpose is to better protect retention money owed to contractors and subcontractors in the event of a business failure. Kensington Swan, identified a flaw in the transitional provisions of the Amendment Act,…

The Trump Wall

Although election promises don’t carry the weight they once used to, they are still widely made by contenders in democratic elections and therefore still need to be analysed. One of the more interesting ones that has emanated from the US primaries is the Trump Wall. If elected, Trump has stated that he (/America) will construct…