Produced for the industry by the Association for Consultancy and Engineering
Payment
-
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. -
Late payment – ACE asks where the urgency is in 2015?
What is happening with late payment? ACE sums up the current scene and calls for a tougher supply chain payment charter. -
Late payers to be kicked off Prompt Payment Code list
Companies paying suppliers later than 60 days after invoice without being able to prove exceptional circumstances are to be blackballed from the Prompt Payment Code.