Berkeley subbies face six weeks without payments

Introduction of new finance software means payment hiatus for suppliers

When does a contractor have the right to terminate for late payment?

Tim Atwood is a senior associate at law firm CMS Cameron McKenna Nabarro Olswang  The recent Technology and Construction Court (TCC) decision in Providence Building Services Ltd v Hexagon Housing Association Ltd considered the JCT termination provisions and concluded that a repeated breach by a… The post When does a contractor have the right to terminate for late payment? appeared first on Construction News.

55 day payment deadline for £5m public projects takes effect

From April 1, companies bidding for public projects worth over £5m must settle invoices within a 55 day payment deadline or face a work ban. The post 55 day payment deadline for £5m public projects takes effect appeared first on Planning, Building & Construction Today.

How Fort Lauderdale Recovered a Phished $1.2M Police HQ Project Payment

Unlike a recent cyber theft in Minnesota, diverted funds for Moss Construction were quickly reported.

Government 55-day average payment rule comes into force

Contractors face a public work ban if they fail to meet tighter payment rules

Metroun - Googles Most Asked Quantity Surveying Questions Answered 10052023

With over 80% of the search market share, Google is undoubtedly the most popular search engine used worldwide. Additionally, Google captures almost 95% of mobile traffic. So when you or anyone around the world has a question, their first port of call is Google

Metroun - Pay Less Notice Explained (Housing Grants, Construction and Regeneration Act (HGCR) 1996) 05042023

This Metroun video explores Pay Less Notices in more detail and explains how they’re addressed in the Housing Grants Construction and Regeneration Act 1996.

Keating Chambers - Preparing for Challenging Times Ahead - Insolvency in the Construction Market, 31052022

King’s College London, in conjunction with, Fenwick Elliott, CMS, HKA and Keating Chambers present a seminar exploring the current construction climate, identifying and mitigating risks and how companies can prepare themselves for turbulent times ahead.

Metroun - QS Basics - Value Of Work Done (VOWD) Explained, 22022023

One of the main responsibilities you have as a Quantity Surveyor is to value work that has been carried out on a project. This video explores the "VOWD" process - Value of Work Done

CN - Supply chain in danger as smaller firms hit by economic challenges, 022023

This CN article shows on a monthly basis, the number of companies that have gone into Administration since September 2021, and highlights that 23 'small' construction firms went into Administration in (the usually quiet month of) December 2022

Payless Certificates and Sums Paid

When can a paying party commence a "true value" adjudication?

In what ways could statutory payment notice provisions be amended to help improve payment practices in the industry?

What is the best method of linking payment to actual site progress?

Have we learnt anything from the collapse of Carillion two years ago?

Harbr

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Payar

Get paid for the work you've done instead of using credit, factoring, or invoice financing. One-time fee instead of interest payments Just a single early pay discount that you choose instead of ongoing borrow fees and interest payments. Control your costs and terms Set your own terms on payout timelines that make sense to your businesses needs.

TradeBids.co.uk

The TradeBids platform enables a better way for Contractors & Subcontractors to do business with Tradespeople & Trade Crews in the digital age.