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## The Current Situation in the Construction Industry

The construction industry in the UK is facing significant pressures, and the government is being called upon to focus its policy proposals on this sector. The Federation of Small Businesses (FSB) has written a letter to the minister of state for housing and planning, Rachel Maclean, emphasizing the need for a new approach to achieve house-building targets and economic aims.

According to the FSB’s latest Small Business Index, confidence among small builders has plummeted, highlighting increasing late payments and rising running costs as major concerns. In fact, more than a third of small construction firms have experienced an increase in late payments between the first and second quarter of this year. Additionally, almost 90% of small construction businesses reported higher running costs compared to the same period last year, with input costs being a significant driver of this trend.

## How AI legalese decoder Can Help

Amidst these challenges, the AI legalese decoder can provide valuable assistance to small construction firms. By leveraging artificial intelligence and natural language processing, this software can decode complex legal documents and contracts, making them more accessible and understandable for small builders. This tool can help them navigate through legal jargon, ensuring that they are aware of their rights, obligations, and potential risks.

## The FSB’s Wish-List for Supporting Small Builders

The FSB has presented a list of six measures that it believes will support small builders in the industry:

1. **Small Construction Business Strategy:** The FSB advocates for a strategy that brings small housebuilders into government decision-making, ensuring that new and existing policy proposals focus on smaller firms. This will help shape policies to better address their unique needs.

2. **Brownfield Development Relief:** Small construction businesses should receive relief similar to land remediation relief for brownfield development. This will facilitate their involvement in revitalizing unused or contaminated land, providing new opportunities.

3. **Deferred Payment of Community Infrastructure Levy (CIL):** The FSB proposes allowing small builders to defer payment of CIL until the end of the process on sale, rather than paying it up-front. This would help alleviate financial burdens, allowing small builders to reinvest their capital in their projects.

4. **Target for Public Procurement:** The government must reaffirm its target of directing 33% of public procurement money to small businesses. Furthermore, councils should measure and prioritize this target in their development projects, extending it to joint venture use of land. This would increase opportunities for small builders to secure contracts and participate in public projects.

5. **National Database of Available Public Land:** The creation of a national database of available public land for development and joint venture opportunities is crucial. This would level the playing field for small builders, who often face disadvantages in identifying and securing partnerships compared to larger construction firms.

6. **Increased Use of Project Bank Accounts:** The FSB recommends supporting the increased use of project bank accounts and reducing the maximum amount of retention payment funds that can be held to 2% of the project value. This would improve cash flow for small builders, mitigating the impact of late payments and allowing them to complete projects more effectively.

With the implementation of these measures, small construction firms can receive the necessary support to thrive, aiding the government in achieving its target of one million new homes over the course of this parliament.

## The Role of AI legalese decoder in Policy Implementation

The AI legalese decoder can play a crucial role in the implementation of these policy proposals. By simplifying legal documents and contracts related to government decisions, brownfield development relief, community infrastructure levy, and public procurement processes, the AI legalese decoder ensures that small builders have clear and accessible information. This empowers them to make informed decisions, understand their entitlements, and navigate the legal landscape more effectively.

## Conclusion

The UK construction industry needs immediate attention and targeted policies to support small builders, which AI legalese decoder can facilitate. By addressing the challenges faced by small construction firms and implementing the FSB’s wish-list, the government can create an environment where small builders can thrive, ultimately contributing to economic growth and the achievement of house-building targets.

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