late payment

How tradespeople should handle late payments

A new survey by Toolstation has revealed the etiquette pet peeves of both tradespeople and their clients. The survey identified the top peeves of Tradespeople. These included: 46% voted for clients not paying on time 35% voted for clients attempting to reduce the agreed payment 33% voted for when client had not cleaned the work […]

Read More

SNIPEF welcomes report on cash retentions and recommendations

SNIPEF, the Scotland and Northern Ireland Plumbing Employers’ Federation, has applauded the work undertaken by the Short Life Working Group (SLWG) in its investigation into cash retention in construction contracts and the practical recommendations it has made to the Scottish Government with a view to ending the iniquities of the system. Cash retentions are deducted from due […]

Read More

BESA calls on firms to ‘play fair’ on payment

It is more important than ever that companies treat their supply chain partners fairly, especially when it comes to payment, according to the Building Engineering Services Association (BESA). The government’s reformed Prompt Payment Code (PPC) came into force on 1 July, and this should remind all contractors of their obligations to pay suppliers fully and […]

Read More

Plumbers face more delayed payments than any other trade

UK tradespeople are seeing over £1,000 of payments per year withheld by customers following a completed job, with plumbers facing more delayed payments than any other trade. The research, conducted by IronmongeryDirect, found that an average £1,062 is owed to tradies across the UK. A third (33%) said they were waiting for over £1,000 from customers for completed jobs, whilst nearly one in […]

Read More

ECA urges government to ramp up measures agains late payers

The ECA has called on the Government to further ramp up measures against late payers in the private sector supply chain. In its response to a Government consultation on proposed changes to the Prompt Payment Code, ECA stated that Code signatories should commit to pay 95% of invoices from smaller businesses within 30 days. Furthermore, […]

Read More