Produced for the industry by the Association for Consultancy and Engineering
Payment
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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. -
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. -
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. -
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. -
Specialist contractors express concern over construction firms’ payment times
The majority of the UK’s largest construction companies are still taking longer than 30 days to pay their suppliers. -
Smaller firms attack industry body’s late payment figures as the “ultimate insult”
The National Federation of Builders has blasted Build UK’s claims that publishing late payment data is a “bold first step”. -
Nine out of 10 councils failing to monitor 30-day payment rule
Freedom of information data has revealed 89% of local authorities are unable to say whether their supply chain is paid within 30 days of work. -
Prompt payment put under the spotlight
ACE meets chair of body tasked with enforcing prompt payment code. -
Industry bodies welcome government action on prompt payment
The government has announced proposals to exclude firms that cannot demonstrate fair payment practices with their subcontractors from government deals. -
Getting paid on time is a legal hurdle, but there are ways to mitigate business risks
Late payment are not only a big issue for business but also for legal teams working on the statutory or contractual aspects of payments. Robert Stevenson, partner at law firm BLM, offers some insight.