Client wins damages in landmark cladding case

Martlet Homes has won a significant cladding case against contractor Mulalley & Co in what is the first High Court judgment on a claim concerning fire safety defects in cladding on a high rise building since the Grenfell Tower fire.

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Profit warnings reduce among large firms

Profit warnings issued by FTSE-listed construction and materials companies hit a record-equalling low in the first six months of 2022, according to new research. However the small number of warnings among large firms does not reflect the situation further down the supply chain.

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TCC report shows further rise in claims

Claims brought to the Technology & Construction Court rose again last year in England and Wales, while some 62% of cases started were settled before judgement, sometimes very shortly before trial.

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News in Brief August/September 2022

The Competition & Markets Authority has provisionally found that 10 firms illegally colluded on prices to rig bids for demolition and asbestos removal contracts.

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Financial regulator on trail of Carillion

Headlines about fines levied on the accountants that were supposed to be auditing the accounts of Carillion before its spectacular collapse in 2018 are far from the end of that affair. We await the details that will be revealed by a Financial Reporting Council (FRC) investigation into what happened to allow Carillion’s Board to escape a proper scrutiny that could have saved the public purse many millions of pounds and a lot of honest Carillion employees their jobs. But that is coming, if slowly.

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KPMG fined £14.4 million over Carillion audits

Auditor KPMG has been fined a record £14.4 million and five of its former staff sanctioned after a Disciplinary Tribunal found they provided false and misleading information to the Financial Reporting Council as it inspected audits of Carillion and software firm Regenersis. Separately, three former Carillion directors also received fines from the Financial Conduct Authority this week.

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Competence standards published for building safety management

The British Standards Institution has published three new standards which set out competence requirements for building safety management, including Principal Designers and Principal Contractors.

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Procurement called into question on large London projects

Transport for London has been urged to improve and tighten its procurement processes following a review by the Greater London Authority’s Oversight Committee. The review focused on several projects which “have given the Committee reason to be concerned,” including the Silvertown Tunnel.

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Net Zero Strategy ruled in breach of climate act

Government’s Net Zero Strategy will have to be revised following a High Court ruling which found the document to be in breach of obligations under the Climate Change Act 2008.

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Grenfell Inquiry completes evidence taking

Evidential hearings have now concluded for Phase 2 of the Grenfell Tower Inquiry after it took a broad range of witness testimony over the last 18 months in order to get to the bottom of the disaster at the west London residential block.

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