{"id":54095,"date":"2019-03-17T16:38:04","date_gmt":"2019-03-17T16:38:04","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=54095"},"modified":"2019-03-17T16:38:04","modified_gmt":"2019-03-17T16:38:04","slug":"dawnus-collapse-welsh-carillion","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/dawnus-collapse-welsh-carillion\/54095\/","title":{"rendered":"Dawnus collapse dubbed a \u201cWelsh Carillion\u201d"},"content":{"rendered":"

The Specialist Engineering Contractors\u2019 (SEC) Group<\/a> Wales\/Cymru has called the collapse of Dawnus a \u201cWelsh Carillion\u201d<\/h2>\n

SEC Group said the collapse of Dawnus<\/a> Construction Group would impact upon large numbers of SMEs in Wales.<\/p>\n

Speaking on behalf of SEC Group Wales\/Cymru Catharine Griffiths-Williams, the national executive officer, said she was extremely concerned over the extent of the knock-on effect on the engineering firms in her sector.<\/p>\n

Griffiths-William said: \u201cNearly all the work carried out by Dawnus was outsourced to SMEs which will now bear the brunt of the losses from the insolvency. Again this highlights the financial fragility of the large construction<\/a> firms and the consequent risks to their sub-contractors which could now lose millions of pounds.<\/p>\n

\u201cThe impact on the Welsh economy could be very damaging.\u00a0There is also a human cost involved. I\u2019m very concerned for the people in Wales who worked for Dawnus and its sub-contractors whose jobs will now be at stake.\u201d<\/p>\n

SEC Group Wales\/Cymru now believes that this is a wake-up call to all public bodies in Wales to implement the Welsh Government\u2019s policy on project bank accounts (PBAs).\u00a0 PBAs are ring-fenced bank accounts that protect monies due for payment to sub-contractors<\/a> in construction supply chains.<\/p>\n

Griffiths-Williams added that she was also concerned that many supply chain firms will lose their retention monies which would have been held back by Dawnus.<\/p>\n

She added: \u201cThese retention monies belong to the firms from whom they have been withheld.\u00a0 Again these monies must be protected and to that end we will be inviting the Welsh Government to legislate to provide such protection.\u201d<\/p>\n

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

The Specialist Engineering Contractors\u2019 (SEC) Group Wales\/Cymru has called the collapse of Dawnus a \u201cWelsh Carillion\u201d.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[20347,824,676,636],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-54095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-administration","8":"tag-carillion","9":"tag-construction","10":"tag-engineering"},"acf":[],"yoast_head":"\nDawnus collapse dubbed a \u201cWelsh Carillion\u201d<\/title>\n<meta name=\"description\" content=\"The Specialist Engineering Contractors\u2019 (SEC) Group 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