Skills shortage fears loom over Hinkley Point. Fears are growing among Hinkley Point contractors about their ability to recruit enough workers on the job. The worries come despite industry-leading pay rates on the project which could see skilled civil engineering operatives earn £70,000 a year. Much of the groundwork has now been completed on the site by a Kier BAM joint venture. Main civils contractor Bouygues and Laing O’Rourke (BYLOR) will be looking to employ around 3,500 people when the site is in full swing. One project source said: “Quite a lot of the workers on site up to now have been employed through agencies but the main civils workers will be directly employed. “That’s a lot of staff to find and people are realising now what a big ask that is going to be.
Construction Enquirer 4th Jan 2018 read more »
KPMG has hit out at claims it was one of several consultancy firms to be involved in conflicts of interest when advising the government on the Hinkley Point C project, pointing out it did not have a role as a financial advisor to EDF, one of the two partners in the new nuclear power station. A recent report in the Times newspaper alleged there were a number of conflicts of interest in the way in which the contract was conducted. The paper said KPMG was paid £4.4m between 2012 and 2017 as a financial adviser to DECC and the Department for Business, Enterprise and Industrial Strategy (BEIS), despite telling officials that it was also acting for CGN on the project. However, KPMG has put out a statement saying: ‘KPMG was appointed as DECC’s financial and commercial advisor in July 2012, to advise DECC in the negotiation of the contract for difference with EDF. A commercial agreement between DECC and EDF was reached in October 2013. ‘KPMG was subsequently appointed by CGN in March 2014 to act as their financial advisor on the Hinkley Point C deal with EDF, providing financial advisory, diligence, tax and accounting advice to CGN alongside a wider team of advisors. ‘DECC was consulted and granted permission, prior to KPMG being appointed by CGN. KPMG put robust processes in place to identify and manage potential conflicts of interest, including the use of separate “ring fenced’ teams”. ‘KPMG did not work for EDF as a financial advisor on Hinkley Point C.’
Accountancy Live 4th Jan 2018 read more »