Payment

Contractors applaud HS2 decision to use project bank accounts

UK contractors praise HS2 payments move as a massive boost for SMEs.

2 years 4 months ago
Labour peer introduces new bill to tackle unfair payment

New parliamentary bill tabled to tackle unfair payment practices in the construction sector.

2 years 10 months ago
Pay suppliers on time or risk losing contracts, says minister

Construction industry leaders reminded that tough new rules on paying their suppliers on time are due to come into force in September.

3 years 6 months ago
High insolvency rate demands urgent action on payment, says SEC Group

Insolvencies in the construction industry are running at their highest rate since the recession.

3 years 7 months ago
Leading construction industry firms suspended over late payment

Several industry big hitters are amongst a number of construction firms sanctioned for not paying their suppliers on time.

3 years 7 months ago
Pay up on time or risk losing public contracts, government warns contractors

In a fresh warning on the issue of prompt payment, suppliers face the prospect of losing out on public contracts if they fail to clean up their act.

3 years 8 months ago
Payment times for UK major contractors revealed

While improvements have been made since last July, the latest data shows there is "still work to be done" on the issue of payment.

3 years 10 months ago
Mass MP support for late payer fines

Almost three-quarters of MPs have backed reform plans to tackle the scourge of late payments to suppliers.

3 years 11 months ago
Calling time on late payment requires more than just regulation

Government needs to implement stronger punishments and do more than just regulation to eradicate industry late payers, Ben Jackson argues.

4 years 1 month ago
Five-day payment rule pledged by ministers in attempt to clampdown on late payers

The government is keen to end late payments to small businesses and is promising five-day terms in its latest push.

4 years 2 months ago