Network Rail is insisting contractors on its projects drop the use of retentions and commit to paying subcontractors within 28 days.
The move comes as part of “significant changes” to contracts ahead of its next five-year funding period (Control Period 6) from 2019-2024.
Network Rail introduced a best practice Fair Payment Charter applying the principles to its own payments to suppliers in 2011.
It said formalising the regime for CP6 was the “next natural step” and was supported by major contractors.
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