Since Carillion’s collapse, payment terms have come sharply into focus. Neil Gerrard examines the efforts being made to speed up payment in the industry and how the best-paying tier 1 contractors benefit from their policies.
“No man’s credit is as good as his money.” That was the saying attributed to American 20th century philosopher John Dewey, although it’s just as likely to elicit a weary nod of agreement from most 21st century construction firm bosses as they await yet another tardy payment.
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