Industry reacts to UK construction late payment crackdown

NFRC Welcomes Landmark Payment Consultation – “A vital opportunity to end retention abuse once and for all.”

The NFRC (National Federation of Roofing Contractors) has welcomed the launch of the Government’s new Small Business Plan, a significant step that shows real intent to support construction SMEs.  Late, short, and non-payment, often enabled by outdated and unfair mechanisms, continue to undermine productivity across the construction sector. Chief among these is the practice of cash retentions, which NFRC has long campaigned to abolish. “This is a…

Industry reacts to UK construction late payment crackdown

Yesterday, the government announced new legislation and powers to ensure payments are made on time more frequently UK construction late payments are being targeted, with the Small Business Commissioner now able to carry out spot checks and has the power to enforce a 30-day invoice verification period to hasten resolutions to payment disputes. New legislation will now also mean that maximum payment terms for invoices will be 45 days. Here we have…