Tag : late payment
A mandatory 30-day limit for payments to be discharged on construction industry related projects is among several reforms in proposed legislation put before the House of Lords today.
Fears across Whitehall of another insolvency of a major construction group, similar in scale to the collapse of Carillion last year, reflects a continued lack of political action on payment practices, BESA has warned.
A survey of over 600 hundred business owners working across the HVAC and building services sector has found a strong majority have suffered stress and other significant mental health issues as a result of poor payment practices.
BESA president John Norfolk has said specialists working across the HVACR sector are facing a “perfect storm” of political and economic challenges moving into 2020 and beyond.
The first H&V News of 2019 looks at the lessons that may have been learnt by industry from adverse cold that for a brief period last winter saw widespread disruption to a number of boilers due to external condensate pipes freezing.
Parliament’s Business, Energy and Industrial Strategy (BEIS) Committee has urged the government to bring forward proposals to introduce mandatory project accounts with a mechanism to independently release cash retentions owed to contractors.
The government has pledged from Autumn next year to consider blacklisting companies from public sector construction projects that are found to be paying their suppliers late.
The Association of Plumbing and Heating Contractors (APHC) has warned that the scope of late payments still owed to SMEs working in the building services sector remains too high, with smaller companies in the industry often being forced onto unfair terms.
The UK government is being urged by a key building services body to immediately introduce legislation to tackle the practice of late payments within the construction supply chain, rather than delaying potential reforms in favour of voluntary commitments or further consultations.