The Future of Retention in the UK Construction Industry I UK
How often do we see an idea or practice introduced as a solution for one problem, only for it to be manipulated and abused until it creates a whole new set of problems? This has certainly been the case for Cash Retentions (often referred to as just ‘Retentions’) in the construction industry. Originally introduced to […]
The Future of Retentions in the Irish Construction Industry | IE
How often do we see an idea or practice introduced as a solution for one problem, only for it to be manipulated and abused until it creates a whole new set of problems? This has certainly been the case for Cash Retentions (often referred to as just ‘Retentions’) in the construction industry. Originally introduced to […]
Advance Payments in Construction – What Are They and How Can They Be Managed? I UK
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
The Business Case for a Digital Approach to Applications For Payment I UK
Construction projects have to be a collaborative effort, with a vast array of skills required to get a project from initial idea to completion. From architects to contractors, suppliers to subcontractors, there is never a sole company able to complete all aspects of a build. All these different individuals and companies working together bring a […]
The Business Case for a Digital Approach to Payment Claims | IE
Construction projects have to be a collaborative effort, with a vast array of skills required to get a project from initial idea to completion. From architects to contractors, suppliers to subcontractors, there is never a sole company able to complete all aspects of a build. All these different individuals and companies working together bring a […]
5 Ways to Save Time and Money by Automating the Application, Approval and Payment Processes I UK
The construction industry is not known for its efficient processes and timely payments. In fact, the opposite can often be said to be true. The industry is naturally complex, with big projects unavoidably including large numbers of people and companies to deliver the end product. Multiple and ongoing negotiations and discussions are par for the […]
5 Ways to Save Time and Money by Automating the Payment claim, Approval and Payment Processes | IE
The construction industry is not known for its efficient processes and timely payments. In fact, the opposite can often be said to be true. The industry is naturally complex, with big projects unavoidably including large numbers of people and companies to deliver the end product. Multiple and ongoing negotiations and discussions are par for the […]
WATCH – Webinar Recording – ‘Connecting the Construction Workplace of the Future’ I UK
In this webinar, Frost & Sullivan provide an analysis of the state of the construction industry for 2021 and beyond, paying particular attention to the digital transformation of supply chain payment management. The construction industry has struggled to modernise and is challenged by rising costs, a heavy dependence on outdated technology and traditional business models, labour […]
WATCH – Webinar Recording – ‘Connecting the Construction Workplace of the Future’ | IE
In this webinar, Frost & Sullivan provide an analysis of the state of the construction industry for 2021 and beyond, paying particular attention to the digital transformation of supply chain payment management. The construction industry has struggled to modernise and is challenged by rising costs, a heavy dependence on outdated technology and traditional business models, labour […]
DOWNLOAD – Industry Report – ‘Connecting the Construction Workplace of the Future’ | IE
Digital Transformation and Payment Management in Construction What does the future hold for supply chain payments in construction? The construction industry is central to our economy but has struggled to modernise, particularly when it comes to managing supply chain payments. A recent survey conducted by research and consulting firm Frost & Sullivan, in conjunction with Payapps, […]
DOWNLOAD – Industry Report – ‘Connecting the Construction Workplace of the Future’ I UK
Digital Transformation and Payment Management in Construction What does the future hold for supply chain payments in construction? The construction industry is central to our economy but has struggled to modernise, particularly when it comes to managing supply chain payments. A recent survey conducted by research and consulting firm Frost & Sullivan, in conjunction with Payapps, […]
A Review into 2021’s Construction Payment Practices | IE
Construction industry payment practices Payment practices within the construction industry have long been a contentious issue. With late or delayed payments the expected norm, and disputes or reduced payments, due to often spurious claims, exceedingly common, it is a thorny issue for many within the sector. Historically, large companies have been particularly guilty of being […]
A Review into 2021’s Construction Payment Practices I UK
Construction industry payment practices Payment practices within the construction industry have long been a contentious issue. With late or delayed payments the expected norm, and disputes or reduced payments, due to often spurious claims, exceedingly common, it is a thorny issue for many within the sector. Historically, large companies have been particularly guilty of being […]
Mental Health in Construction – the Time has Come to Invest in our Greatest Asset | IE
“People are our greatest asset”. It is a phrase that many will have heard spoken numerous times, but companies in the past haven’t always acted as if they truly believed this statement. However, skills shortages caused by Brexit and Covid travel restrictions have limited the availability of workers from EU. Together with ever-decreasing numbers of young […]
Mental Health in Construction – the Time has Come to Invest in our Greatest Asset I UK
“People are our greatest asset”. It is a phrase that many will have heard spoken numerous times, but companies in the past haven’t always acted as if they truly believed this statement. However, skills shortages caused by Brexit and Covid travel restrictions have limited the availability of workers from EU. Together with ever-decreasing numbers of young […]
Advance Payments in Construction – What Are They and How Can They Be Managed? | IE
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
The Construction Workplace of the Future | IE
The Construction industry is not known for its innovation. In fact, the opposite could probably be said to be true – change is normally slow to come and even slower to be fully embraced by those working within the industry. The problem with this is, while other sectors are integrating new digital technologies to improve […]
The Construction Workplace of the Future I UK
The Construction industry is not known for its innovation. In fact, the opposite could probably be said to be true – change is normally slow to come and even slower to be fully embraced by those working within the industry. The problem with this is, while other sectors are integrating new digital technologies to improve […]
Modernise or Die – The Farmer Review 5 Years On | IE
Five years ago, in 2016, Mark Farmer, CEO of Cast Consultancy was tasked with reviewing the status quo in the construction industry, specifically concerning business and labour models. The ensuing report stressed that the construction industry needed to undergo a radical transformation. Entitled ‘Modernise or Die’, the report concluded that continuing to do things as […]
Modernise or Die – The Farmer Review 5 Years On I UK
Five years ago, in 2016, Mark Farmer, CEO of Cast Consultancy was tasked with reviewing the status quo in the construction industry, specifically concerning business and labour models. The ensuing report stressed that the construction industry needed to undergo a radical transformation. Entitled ‘Modernise or Die’, the report concluded that continuing to do things as […]
Build Back Better: The Human Capital Challenge Facing the Construction Industry | IE
The Construction industry, like many other industries, is facing many unprecedented changes and challenges in the current climate. It makes it more important than ever to ensure risks are identified and mitigated as much as possible. In a recent London Build Online webinar, we explored the risks facing the industry and what could be done by […]
Build Back Better: The Human Capital Challenge Facing the Construction Industry I UK
The Construction industry, like many other industries, is facing many unprecedented changes and challenges in the current climate. It makes it more important than ever to ensure risks are identified and mitigated as much as possible. In a recent London Build Online webinar, we explored the risks facing the industry and what could be done by […]
Vision for the Built Environment | IE
What is the ‘Vision for the built environment’? The dictionary definition of ‘vision’ is ‘the ability to think about or plan the future with imagination or wisdom’. A number of experts have recently come together to share their collective wisdom and use their imaginations, to create a document outlining the future they wish to […]
Vision for the Built Environment I UK
What is the ‘Vision for the built environment’? The dictionary definition of ‘vision’ is ‘the ability to think about or plan the future with imagination or wisdom’. A number of experts have recently come together to share their collective wisdom and use their imaginations, to create a document outlining the future they wish to […]
Payapps Partners with FIS | IE
We’re thrilled to announce that Payapps has partnered with FIS, the representative body for the £10 billion finishes and interiors sector in the UK. Looking after the interests of 10,000 businesses and 260,000 employees working within the sector, FIS exists to support its members to improve safety, minimise risk, enhance productivity and drive innovation. FIS’s […]
Modular Connexions saves significant time submitting payment applications | UK
Modular Connexions are professionals in offsite manufacturing and construction, and support companies with modular fabrication, pre-construction services, install and finishing. The business uses the cloud-based Payapps platform to prepare consistent, contractually compliant applications for payment, submitting these along with any necessary evidence. By using a single platform and removing the need to email anything, Modular […]
Modular Connexions saves significant time submitting payment claims | IE
Modular Connexions are professionals in offsite manufacturing and construction, and support companies with modular fabrication, pre-construction services, install and finishing. The business uses the cloud-based Payapps platform to prepare consistent, contractually compliant payment claims, submitting these along with any necessary evidence. By using a single platform and removing the need to email anything, Modular Connexions […]
Payapps and G F Tomlinson streamlining the payment applications process | UK
One of the largest contractors in the East Midlands, with an annual turnover exceeding £150m, G F Tomlinson receives hundreds of applications for payment from subcontractors each month. Challenge: inefficient methods of managing payment applications Recognising the time and cost in wages that it takes to manage this process manually, the business took steps to […]
BW: Workplace Experts – the evolution of assessment and payment practices | UK
The commercial director and financial controller of BW: Workplace Experts discuss the evolution of assessment and payment practices. Boasting a diverse range of projects for the likes of Microsoft, Brookfield and Universal Music Group, BW: Workplace Experts continually strive for innovation and collaboration within the interior fit-out industry. With turnover growing fast over the past […]
Payapps and G F Tomlinson streamlining the payment claims process | IE
One of the largest contractors in the East Midlands, with an annual turnover exceeding £150m, G F Tomlinson receives hundreds of payment claims from subcontractors each month. Challenge: inefficient methods of managing payment claims Recognising the time and cost in wages that it takes to manage this process manually, the business took steps to increase […]
DOWNLOAD – Report – Payment Under the New Government Construction Playbook | IE
Off the back of a webinar with Rob Driscoll (Director of Legal & Business at ECA), this industry report is a ‘must read’ for anyone in construction wanting to understand: The role of the Government’s Construction Playbook in relation to payment expectations and practices. The payment landscape and legislation across the public and private sector supply chain. Digital transformation and […]
DOWNLOAD – Report – Payment Under the New Government Construction Playbook I UK
Off the back of a webinar with Rob Driscoll (Director of Legal & Business at ECA), this industry report is a ‘must read’ for anyone in construction wanting to understand: The role of the Government’s Construction Playbook in relation to payment expectations and practices. The payment landscape and legislation across the public and private sector supply chain. Digital transformation and […]
WATCH – Webinar Recording – Payment Under the NEW Government Construction Playbook | UK
‘Payment under the NEW Government Construction Playbook – What’s the reality for contractors?’ The Playbook sets some very clear expectations for contractors when it comes to payment practices. As well as increasing its requirement for public sector suppliers to prove they pay 85% of their invoices within 60 days, the Playbook makes it clear that […]
WATCH – Webinar Recording – Payment Under the NEW Government Construction Playbook | IE
‘Payment under the NEW Government Construction Playbook – What’s the reality for contractors?’ The Playbook sets some very clear expectations for contractors when it comes to payment practices. As well as increasing its requirement for public sector suppliers to prove they pay 85% of their invoices within 60 days, the Playbook makes it clear that […]
WATCH – Payment Claims … Made Easy | IE
2 Steps: 1. Watch our 2-minute explainer video 2. Request a demo – complete the form below to discover for yourself why Payapps is construction’s market-leading solution for managing payment claims and contract variations.
WATCH – Applications for Payment … Made Easy I UK
2 Steps: 1. Watch our 2-minute explainer video 2. Request a demo – complete the form below to discover for yourself why Payapps is construction’s market-leading solution for managing applications for payment and contract variations.
Late Payments in Construction – The Supply Chain Domino Effect | IE
Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem? The UK construction industry is a major contributor to the UK economy, with £103 billion in economic output in 2014, 6.5% of the total. In 2015, 2.1 million jobs or 6.2% of the UK total […]
Collaboration – The Payment Weapon of Mass Construction | IE
The construction industry’s secret weapon is going to be collaboration – especially when it comes to payment solutions. It’s not easy finding weapons of mass destruction. Just ask Tony Blair and George Bush. But when it comes to weapons of mass construction, we’ve got a roadmap right to them – and we don’t need a […]
Collaboration – The Payment Weapon of Mass Construction I UK
The construction industry’s secret weapon is going to be collaboration – especially when it comes to payment solutions. It’s not easy finding weapons of mass destruction. Just ask Tony Blair and George Bush. But when it comes to weapons of mass construction, we’ve got a roadmap right to them – and we don’t need a […]
5 Signs That Your Construction Business is at Risk from Poor Payment Processes I UK
Healthy cash flow in construction depends on efficient and accurate payment processes The UK construction industry is highly fragmented – in fact, the average project has 70 subcontract packages. This means, on average, 50-75% of a project’s cost is dispersed throughout the supply chain. As a result, the payment processes underpinning relationships between clients, contractors and […]
5 Signs That Your Construction Business is at Risk from Poor Payment Processes
Healthy cash flow in construction depends on efficient and accurate payment processes The UK construction industry is highly fragmented – in fact, the average project has 70 subcontract packages. This means, on average, 50-75% of a project’s cost is dispersed throughout the supply chain. As a result, the payment processes underpinning relationships between clients, contractors and […]
Late Payments in Construction – The Supply Chain Domino Effect I UK
Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem? The UK construction industry is a major contributor to the UK economy, with £103 billion in economic output in 2014, 6.5% of the total. In 2015, 2.1 million jobs or 6.2% of the UK total […]
Project Bank Accounts – Are Your Payment Processes Up to the Job? | IE
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? Efforts to speed up payments in the construction industry have received a significant boost […]
Project Bank Accounts – Are Your Payment Processes Up to the Job? I UK
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? Efforts to speed up payments in the construction industry have received a significant boost […]
Why Do 75% of Construction Projects Fail to Meet Deadlines? | IE
Construction is complex business but even so, three-quarters of projects failing to meet the agreed construction timeline should give everyone in the industry pause for thought. “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 […]
Why Do 75% of Construction Projects Fail to Meet Deadlines? I UK
Construction is complex business but even so, three-quarters of projects failing to meet the agreed construction timeline should give everyone in the industry pause for thought. “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 […]
Construction Payment Processes – What Can the UK Learn from Australia? | IE
Can the UK construction industry learn from new Australian legislation on payment claim processes? Australia’s got a lot to answer for. Jason Donovan’s music career. Ruining every Ashes summer of the 90s. Walkabout. But it turns out that when it comes to payment claims our Commonwealth cousins have got a few ideas that’ll make life run […]
Construction Payment Processes – What Can the UK Learn from Australia? I UK
Can the UK construction industry learn from new Australian legislation on applications for payment processes? Australia’s got a lot to answer for. Jason Donovan’s music career. Ruining every Ashes summer of the 90s. Walkabout. But it turns out that when it comes to applications for payment our Commonwealth cousins have got a few ideas that’ll make […]
How Are Companies Like Amey Trying to Increase Supply Chain Productivity? | IE
Discover how major companies are deploying innovative techniques to enhance their construction procedures and boost the output of their supply chains. The construction sector has a productivity problem. While productivity levels in other sectors such as manufacturing have nearly doubled over the past two decades, they have remained flat in construction. Now consider that more than 50,000 […]
7 Ways to Attract and Retain Your Key Construction Staff I UK
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 […]
7 Ways to Attract and Retain Your Key Construction Staff | IE
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 […]
7 Reasons Why 69% of Construction Projects Exceed Their Budgets | IE
Fewer than one in three construction projects come within 10% of budget. Consider these 7 reasons why yours might be overspending The run-up to an Olympic Games or World Cup wouldn’t be complete without headlines screaming about the soaring cost of building work. London 2012 overspent by 76%, Sochi 2014 by an eye-watering 289% and the […]
Step Away from Excel! Could Spreadsheets Be Reducing Your Construction Margins? I UK
Over-reliance on spreadsheets and paper could be slowing down your construction procedures and eating into your profit margins With all the uncertainties hanging over the industry – not least the specific funding, labour and trading challenges that Brexit poses – companies can’t afford to work with inefficient construction procedures that swallow up skilled staff and […]
7 Reasons Why 69% of Construction Projects Exceed Their Budgets I UK
Fewer than one in three construction projects come within 10% of budget. Consider these 7 reasons why yours might be overspending The run-up to an Olympic Games or World Cup wouldn’t be complete without headlines screaming about the soaring cost of building work. London 2012 overspent by 76%, Sochi 2014 by an eye-watering 289% and the […]
Step Away from Excel! Could Spreadsheets Be Reducing Your Construction Margins? | IE
Over-reliance on spreadsheets and paper could be slowing down your construction procedures and eating into your profit margins With all the uncertainties hanging over the industry – not least the specific funding, labour and trading challenges that Brexit poses – companies can’t afford to work with inefficient construction procedures that swallow up skilled staff and […]
Do Construction Companies Deliberately Pay Late? Opening Up the Benefits of Timely Payments I UK
Are late payments in construction really inevitable, or is there a solution out there that helps everyone win? ABBA got it right. Money, money money. That’s what the construction business is all about – and everyone knows it. From the boardrooms where directors of the largest multinationals point at ominous graphs, to site offices where […]
Do Construction Companies Deliberately Pay Late? Opening Up the Benefits of Timely Payments | IE
Are late payments in construction really inevitable, or is there a solution out there that helps everyone win? ABBA got it right. Money, money money. That’s what the construction business is all about – and everyone knows it. From the boardrooms where directors of the largest multinationals point at ominous graphs, to site offices where […]
Challenges Facing the Modern QS I UK
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. Maintaining strong supply chain relationships makes it easier to choose reliable subcontractors for repeat work. Time is key to the quantity surveyor. When he […]
Challenges Facing the Modern QS | IE
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. Maintaining strong supply chain relationships makes it easier to choose reliable subcontractors for repeat work. Time is key to the quantity surveyor. When he […]
How to Reduce the Risk of Payment Disputes: Automate Your Payment Claim Processes | IE
Turbo-charging the payment claim process is not just great for subcontractor relationships, it tackles the scourge of payment disputes in the construction sector. Would you take on £16,000 worth of unpaid work every year? As charitable as this sounds, it’s not going to get the mortgage or bills paid. But that’s the sum every UK […]
How to Reduce the Risk of Payment Disputes: Automate Your Payment Application Processes I UK
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. Would you take on £16,000 worth of unpaid work every year? As charitable as this sounds, it’s not going to get the mortgage or bills paid. But that’s the sum every […]
Digitising the Supply Chain Payment Process | IE
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. But what is not commonly understood, is that […]
Digitising the Supply Chain Payment Process I UK
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. But what is not commonly understood, is that […]
Construction News and Payapps Partner to Debate the Issue of Late Payment in Construction | IE
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. Fill in the form below to read the full report. That’s […]
Construction News and Payapps Partner to Debate the Issue of Late Payment in Construction I UK
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. Fill in the form below to read the full report. That’s […]
Managing the Construction Payment Process: Applications for Payment, Payment Notices and the Construction Act I UK
Payment has long been one of the most contentious issues in the Construction Industry, so much so in fact, that in 1998 the ‘Housing Grants, Construction and Regeneration Act’ (commonly known as ‘The Construction Act’) was passed, and subsequently revised in 2011 to help contractors gain certainty and control in an area often fraught with […]
Project Bank Accounts – Is 2019 The Year They Are Finally Adopted?
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. What is a project bank account(PBA)? These are ring-fenced bank accounts that allow for payments to be made directly and […]
Project Bank Accounts – Is 2019 The Year They Are Finally Adopted?
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. What is a project bank account(PBA)? These are ring-fenced bank accounts that allow for payments to be made directly and […]
