The amendments to the act are expected to improve payment certainty across construction, reduce adjudication costs and introduce greater equality and fairness for small and medium-size enterprises.
SEC understands that the proposed legislation will be announced in the Queen’s Speech on 5 November.
Group chairman Trevor Hursthouse says, ‘This represents the climax of over seven years of SEC Group lobbying for enhancements to the current legislation. We are grateful to construction minister Baroness Vadera and her officials for their help and support.’
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