A new model for public private partnerships
19 Aug
Top Stories

A new model for public private partnerships

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Top Stories Tamfitronics Nick Gray​​ is UK and Europe chief operating officer at consultancy Currie & BrownBetween 1997 and 2010, more than 700 new public sector construction projects were successfully delivered, improving the fabric of many key sectors of the economy, such as education and healthcare. Arguably, the delivery of many of these projects might not have happened had it not been for the private finance initiative (PFI) model. In 2018, the Conservative government discontinued PFI for new infrastructure projects, which kickstarted discussions on how best to finance the UK’s acute ongoing need for public development projects.The PFI problem childAt its core, ()the old PFI model made sense, but it remains controversial. Early PFI contracts were often complex and lengthy, making it difficult to flex them to meet the evolving needs of a project...
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Contractor victorious in late-payments dispute
19 Aug
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Contractor victorious in late-payments dispute

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Top Stories Tamfitronics An East Grinstead contractor has successfully overturned a legal decision that found it was wrong to terminate its contract with a housing association over repeated late payments.The dispute arose from a JCT contract between Providence Building Services Limited and Hexagon Housing Association Limited (Hexagon) for the construction of buildings in Purley, valued at £7.2m.The key issue was whether Providence could terminate its contract after Hexagon failed to pay an invoice on time, even though Hexagon had paid up within 28 days of receiving a previous default notice.Mark London, partner at Devonshires who represented Hexagon, said: “The Court of Appeal’s judgment has introduced a significant risk to employers everywhere who, in the event of a specified default, will face the proverbial sword of Damocles for the remainder of the contract.“Contrary to the way...
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Kim Dotcom Loses 12-Year Fight with U.S. Government, Gets Extradited to U.S.
19 Aug
Top Stories

Kim Dotcom Loses 12-Year Fight with U.S. Government, Gets Extradited to U.S.

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Top Stories Tamfitronics Photo Credit: X/Twitter Kim DotcomTop Stories Tamfitronics After a 12-year fight with the U.S. government, alleged piracy facilitator Kim Dotcom will be extradited to the United States from New Zealand.The New Zealand Justice Minister Paul Goldsmith confirmed the news, saying he signed an extradition order for Dotcom this week. “I considered all of the information carefully, and I have decided that Mr. Dotcom should be surrendered to the U.S. to face trial,” Goldsmith says in his statement.“As is common practice, I have allowed Mr. Dotcom a short period of time to consider and take advice on my decision. I will therefore, not be commenting further at this stage.” Speaking on social media about the extradition, Kim Dotcom said: “the obedient U.S. colony in the South Pacific just decided to...
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Trump and Harris Zero Tax on Tips for Casino Workers May Be Red Herring
19 Aug
Politics

Trump and Harris Zero Tax on Tips for Casino Workers May Be Red Herring

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Politics tamfitronics Both Trump and Harris have promised casino workers that they would pass legislation that exempts tips from taxes, effectively boosting their cash-on-hand in real terms. Yet, none of the two candidates has told workers how hard passing such legislation would be, verging on the impossible.Trump and Harris Think Good Politics, Not Good PolicyEliminating tax on workers’ tips would be a major challenge, not least because it would deprive the federal budget of important revenue.Yet, such a move would invite further economic chicanery with workers and employers suddenly finding themselves in a position where they have realized that parts of their remunerations might better qualify as tips.Despite both Harris and Trumps’ desire to court workers and voters in swing states, the practicality of their attack line from the stump has been more of a...
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