30 day payment bill to enforce better payment terms
A brand new private members bill is being launched in the “House of Lords” today in the latest bid to toughen-up late payment legislation which has blighted the construction industry…
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Tag: Construction late payments
Late payment causes mental health issues finds new survey
Nine out of ten bosses in the construction sector have suffered mental health issues caused by late payment. The findings come from a survey jointly organised by the Building Engineering…
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Firms with poor payment practices to be barred from public work bids
Main contractors with poor payment practices will now be barred from bidding for public works contracts in a shake up from the cabinet office to ease the burden for smaller…
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Government plans to fine contractors who fail to pay on time
The government is seriously considering plans to fine contractors who fail to pay their suppliers on time as the late payments from large companies and contractors puts strain on supply…
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Laing O’Rourke changes subbies payment terms and causes havoc
Laing O’Rourke changes subbies payment terms and causes havoc as many suppliers and subcontractors have received no payment and none were informed of the change many of which were on weekly…
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