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Payment and construction: “we never get paid what we asked for – that’s just the way of our world”
Prompt payment has always been a hot topic of debate in the industry – and with finances having been severely stretched due to the pandemic, a recent roundtable brought together a virtual panel of experts to discuss how best to tackle late payment
Last month,
Construction News conducted a survey on the thorniest of industry issues: late payment.
It is by far the most common reason why construction companies go to the wall and has been a massive problem for decades. However, some 35 per cent of survey respondents said they thought the situation had actually worsened in recent years, compared with 23 per cent who thought it had improved.
Payment and construction: "we never get paid what we asked for – that's just the way of our world" constructionnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionnews.co.uk Daily Mail and Mail on Sunday newspapers.