Tradespeople And Construction SMEs Must Meet Tough Regulations To Survive
Tradespeople and SMEs operating in the construction sector face challenges in ensuring they are compliant with new regulations in the industry. The Construction Industry Federation will host an event for tradespeople and SMEs in the sector to help them remain compliant as the industry recovers and demand for construction increases.
CIF Regional Director Justin Molloy says;
“The construction industry is in recovery mode as demand for construction is increasing. Output will approach €15 billion this year and an extra 35,000 people have been hired since the recession. Recent research has shown that people are returning from overseas to work in the industry and the rate of new enterprise creation is very strong. Those new companies, as well as established organisations, now face a new environment as the Government have introduced new regulations over the past few years.
The Construction Contracts Act for example, fundamentally changes how business is done in the industry and will affect all companies cashflow. The Building Control (Amendment) Regulations are designed to sustain standards in housebuilding and construction. These are just two pieces of regulation that will affect how construction businesses have to operate in today’s environment.
It’s imperative that companies are informed about these new regulations and have the ability to meet requirements. Those companies who aren’t run the risk of regulatory penalties and more generally increased costs and operational difficulties. Some companies find it hard to ‘keep up’ with these requirements. So the CIF is hosting a number of briefings and workshops in the region to equip companies to deal with these regulations. We’ve brought together some of the leading legal and technical experts to advise companies on how to survive and thrive in the new environment”.
The CIF are hosting a series of nationwide events for all construction businesses to learn how to operate in a constantly changing regulatory landscape. Attendees will hear from experts in the legal and construction industry, who will give detailed information about the new regulation.