H&V News will be hosting its second Twitter debate on late payment between 12.00 and 13.00 on 13 November, following its initial successful event at the end of September (see H&V News 7 October, page 13).
Payment problems continue to be one of the most serious affecting all areas of the construction and building services sector and one of the main reasons for the launch of the H&V News Time for Change campaign.
While our campaign focuses on the drive to have retention funds placed into trust accounts, this is intrinsically linked to poor payment practices that cause considerable difficulty to thousands of businesses in our industry.
The problem has been identified as the reason for company failures, which frequently have further implications for other businesses, as well as preventing investment in essential practices such as training.
There have been many headline announcements on late pay recently (see H&V News, 21 October), which focused on the latest survey by the Specialist Engineering Contractors’ Group (SEC) that found £30m has been lost in 2015 so far.
This figure will no doubt increase further before year end.
Having staged the first Twitter debate on the issue on 25 September, H&V News will host the next event on 13 November. Readers are invited to join in with questions and comments, using the #latepayment hashtag.
Topics discussed in the last event included the benefits of digital payment, which is set to increase, the use of project bank accounts and the H&V News Time for Change campaign.
In addition to increasing attention on the problems late payment causes, the next event will seek to extend the audience further and gain more support to tackle these.
B&ES head of legal and commercial Rob Driscoll will again involved as a key member of the discussion.
He will be joined by ICT consultant and social media expert Paul Wilkinson and Textura Europe personnel, in addition to features editor Dina Patel-Purewal and editor Dennis Flower from H&V News.
With an increasing number of companies and organisations focusing on the problems caused by late payment, the topic is gaining more attention within the government, further assisted by MPs signing up to support SEC Group and the H&V News Time for Change campaign.
Readers wishing to pledge their support for the event are invited to email firstname.lastname@example.org, or follow @HVN_plus and @HVNMagazine on Twitter from 12.00 till 13.00 on 13 November.