SEARCH

SEC Group welcomes late payment action

The recent announcement by the Cabinet Office of its intention to exclude late payers from government contracts has been applauded by leading construction body the Specialist Engineering Contractors’ (SEC) Group.

SEC Group – representing the largest sector of UK construction, by value – said that such a measure was long overdue and urged government to act on it. 

SEC Group chief executive, Professor Rudi Klein, added: “For some years we have been advocating a yellow/red card policy for public sector procurement. In other words, poor payers should be warned about their payment performance and then banned from public sector contracts if their performance doesn’t improve.”

The Reporting of Payment Practices and Performance Regulations 2017 requires large companies (as of April 2017) to report on their payment practices. This includes providing information about their standard payment terms and the proportion of invoices which are paid late.

Professor Klein hopes that this data will give public sector procurers sufficient evidence on which to base their decisions to exclude poor payers: “Public sector procurers must also up their game to ensure they pay on time. Furthermore, I now would expect the whole of the UK public sector to follow suit and proactively challenge payment abuse.”

30 November 2018

Comments

Already Registered?
Login
Not Yet Registered?
Register

BSRIA extends UKAS scope with HIU testing

BSRIA has extended the scope of its United Kingdom Accreditation Service (UKAS) accredited testing services, which now include the latest version of the BESA UK HIU Test Regime, October 2018....

  12-Dec-2018

On demand webinar: Benefits of Vaisala Carbocap measurement technology

Learn about the advantages of Vaisala Carbocap technology over other infrared CO2 measurement technologies and the value it offers to applications such as greenhouses, CO2 incubators, and HVAC....

  05-Dec-2018

Protect your greatest assets

Humidity Solutions is the UK's leading independent specialist in humidity control, with access to a vast range of industrial and commercial humidifiers and dehumidifiers from some of the world's best manufacturers. With an extensive portfolio of projects across industrial manufacturing, food & beverage, health & leisure, residential, conservation and protection, the team at Humidity Solutions has combined experience of humidity control of over 100 years. We provide an end to end solution from design, supply, installation and ongoing maintenance.
  11-Dec-2018
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary