CN Payment 100: best and worst payers revealed
Joshua Stein reveals the payment performance of the UK’s largest contractors – and asks whether it’s too easy for firms to manipulate the system
Source: constructionnews.co.uk
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Payment times revealed: how long the biggest firms take to pay
Insolvencies in construction are on the rise. In recent months, administrators have highlighted cashflow issues as being central to the demise of some
Source: constructionnews.co.uk
CN Payment 100: how long do construction companies take to pay?
In our second major analysis of industry payment-practice reports, Megan Kelly delves into the government data to identify the best and worst payers in the sector. We also look beyond the headline figures to uncover the often complex reasons why some companies appear able to settle their debts more swiftly than others Slow payment has long plagued construction. It comes as no surprise to learn that, in 2020, amid a global pandemic, a national shutdown, and with many companies struggling for cash, poor payment practices have again come to the fore. According to Construction News’s latest ...
Source: constructionnews.co.uk