000			01380cam a2200241 4500
001			ABS67242
008			031113n2003 000 0 eng u
035			_a(Sirsi) u124313
100			_aKlein, R.
245		4	_aThe insolvency scandal
260			_c2003
490			_aConstruction News _v(6840) 30 October 2003, 57(1)
520			_aLooks at how subcontractors can be affected when firms further along the process become insolvent. Reviews how the Enterprise Act 2002 has sought to encourage administration as a solution, but points out that delays mean that smaller firms still cannot protect themselves against ruin. Suggests the idea of establishing trust funds, as outlined in the Latham report "Constructing the team" (ISBN 011752994X), should be re-examined. Proposes the pay-if-paid exemption in the Housing Grants, Construction and Regeneration Act 1996 s113 should be removed, as it allows further payment delays. Concludes the foreign model of jurisdictions which have legislation specific to construction may provide better protection from insolvencies.
590			_aABS
650			_aHOUSING GRANTS, CONSTRUCTION AND REGENERATION ACT 1996 S113
650			_aENTERPRISE ACT 2002
650			_aLATHAM REFORMS
650			_aPAY-IF-PAID EXEMPTION
650			_aINSOLVENCIES
650			_aSUBCONTRACTORS
690			_aDispute resolution _96236
942			_n0
999			_c73787 _d73787