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Late payment, delayed payment, and payment practices, in general, have long been a barrier to growth for the UK Construction industry. Efforts to solve this endemic issue stretch back over 25 years, yet the industry is still struggling to solve this critical challenge.

Turbo-charging the application for payment process is not just great for subcontractor relationships, it tackles the scourge of payment disputes in the construction sector.

44% of construction firms struggle with construction staff shortages, according to KPMG. And this figure doesn’t even account for the potential impact of Brexit on the construction labour supply. So what should you do? Be part of the 56% of companies that find recruitment and retention easier. How? We’ll let you in on our 7 little secrets.

Many construction businesses – SMEs in particular – may be suffering the effects of poor payment processes. Are you one of them? Here are 5 signs your business is at risk because of payment processes.

Can the UK construction industry learn from new Australian legislation on application for payment processes?

The construction industry’s secret weapon is going to be collaboration – especially when it comes to payment solutions.

Project Bank Accounts (PBAs) are now at the forefront of efforts to speed up the payment process for construction SMEs. With the Scottish Government the latest body to adopt their use, what do you need to know about this important development?

Fewer than one in three construction projects come within 10% of budget. Consider these 7 reasons why yours might be overspending

Are late payments in construction really inevitable, or is there a solution out there that helps everyone win?

Over-reliance on spreadsheets and paper could be slowing down your construction procedures and eating into your profit margins

Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem?

Effective supply chain management is key to the success of a construction project. Strong supplier relationships guarantee the best skilled workforce on the job, ensuring key project deadlines are met.

To many in the construction industry, late payment is a necessary evil. We almost take it for granted that some companies will insist on long payment periods in an attempt to bolster their own cash flow position. As we covered in the last (blog), cash is king.

Nothing’s ever moved quickly in the world of construction, but recently you get the feeling that with payment practices, we are on the cusp of change and PBAs (Project Bank Accounts) are leading the charge.

Payment has long been one of the most contentious issues in the Construction Industry and is an area often fraught with disputes.

Discover how major companies are deploying innovative techniques to enhance their construction procedures and boost the output of their supply chains.

“Climbing the Curve”, KPMG’s global construction survey for 2015 uncovered a shocking fact. Shocking, that is, to those not already inured to it – only a quarter of projects were completed within or close to their originally agreed construction deadline.

With the complex nature of construction, coupled with the manual administration process associated with payment, late payment certainly won’t be an easy nut to crack.