Payment Practice Update

31/10/2018

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Payment Practice Update

Build UK has added information on the payment performance of its eligible Client members and largest Specialist Contractors alongside the results of its Contractor members published earlier this year. The majority of members will be reporting for a second time at the end of January 2019 which will provide an early indication of whether payment practices are improving. Further information is available on the Build UK website and reports for all businesses that are required to report can be found on GOV.UK.

Government call for evidence on improving payment practice – The Department for Business, Energy & Industrial Strategy has issued a call for evidence on the impact of unfair payment practices. Creating a Responsible Payment Culture seeks views on what more the Government can do including whether new measures should be introduced to improve payment practices. The deadline for responses is 29 November 2018.

Source: Build UK (SPRA are members of Build UK)