Private public partnerships and the construction industry
Around 39,800 construction workers are spread over 700 private public partnership projects in the UK with a capital value of more than 43 billion.
Private public partnerships unite the private and public sector in professional partnerships. The term refers to any collaboration between public bodies, including local authorities and central government.
The current UK government wants to increase the range and scope of private public partnerships because it believes they are a good way to improve public services and quality of service. A number of formulas are being proposed including strategic partners with sales and minority or majority stakes.
Public private partnerships are giving a boost to the construction industry and the term 'partnering' used to describe them is actually derived from construction industry lingo. PPPs can provide investment to improve health and safety standards, better protect workers better and reduce the amount of construction accidents.
PPPs and investment
Construction work, PPPs and investing is important for many corporate construction organisations. A PPP strategy - like developing then selling investment stakes and retaining long-term maintenance contracts - is central to many business models.
PPP projects are an important source of investment income for many construction groups but can also be risky. Projects run over, there are financial pressures particularly with late payments, and construction accidents occur.
In the UK about 20 % of sole traders operate in the construction industry and no complicated paperwork is required to set up a sole trader business. But there are drawbacks to being a sole trader as you may well have to work long hours, not receive holiday pay and have limited liability and construction accident insurance.
Construction workers in business partnerships can share skills and workload and insurance to better protect themselves and their team. They also often pool resources for advertising, marketing, tools, equipment and vehicles.
Construction accident compensation
Employees in the construction industry are routinely exposed to extremely hazardous situations and conditions. Their lives are constantly being put at risk and if their employees do not take adequate steps to protect them, industrial accidents and personal injuries can easily occur.
In partnership with our panel of no win, no fee solicitors we have forged an excellent success rate.
The results can be extremely serious. Along with loss of income, serious injuries and permanent disability can follow. If an employer is at fault, steps can be taken to claim back funds in compensation. All damages awarded will go directly to you and the whole compensation claim process won't cost you a penny.
Call us now on 0800 10 757 95 and we will explain how the claims process works, give you free legal advice and get our panel of highly experienced personal injury solicitors working on your construction accident claim.
