Tag : late payment
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 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.
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.
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 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.
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.