{"id":52160,"date":"2019-02-06T14:19:25","date_gmt":"2019-02-06T14:19:25","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=52160"},"modified":"2019-02-06T14:19:25","modified_gmt":"2019-02-06T14:19:25","slug":"government-funding-framework","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/government-funding-framework\/52160\/","title":{"rendered":"Government launches funding framework for construction firms"},"content":{"rendered":"

The government has developed a new funding framework which will allow small and large construction companies to bid for work on government projects over the next seven years<\/h2>\n

The Construction Works and Associated Services commercial agreement will assist central Government and the wider public sector with projects focused on the construction, refurbishment, repair, demolition or decommission of public buildings across the UK.<\/p>\n

The funding framework has been designed by Crown Commercial Service<\/a> (CCS) to provide customers and suppliers with the assurances required for long-term projects, and make sure the government gets the best value for money.<\/p>\n

John Welch,\u00a0CCS\u2019s Deputy Director for Construction, said: \u201cThis agreement will support construction and drive industry growth.<\/p>\n

\u201cIts lotting structure has been designed to maximise opportunities for all sizes of company and that includes SMEs, which play a key role in UK construction<\/a>.<\/p>\n

\u201cFor example, standardised payment terms and other fair payment objectives are embedded within the framework scope. This agreement also facilitates the use of digitisation in construction and promotes the use of innovative solutions via modern methods of construction<\/a>.\u201d<\/p>\n

It is estimated that over the seven year life of the funding framework, the cost of the works carried out across the country could be up to \u00a330bn or less \u2013 with the projects led by departments and the money taken from existing departmental budgets.<\/p>\n

The framework has been designed with flexibility in mind to service a range of construction and civil engineering requirements across both central government and the wider public sector.<\/p>\n

Prompt payment initiatives and project bank accounts (PBA\u2019s) have been incorporated into the framework to support supply chains<\/a>.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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