Entries from Construction Rant tagged with 'fair payment'

SMEs still suffering from late payment problems

In the current economic downturn, it is increasingly common for big companies to delay payments to smaller suppliers and use bullying tactics to legitimise such practice. While we can lobby these big companies to restrain from late payment, it is...

Will project bank accounts really address payment problems?

Will project bank accounts really address payment problems? We already have several pieces of legislation dealing with late payment. If these haven't improved payment practices, why should a voluntary arrangement on project bank accounts make any difference?...