Read this report summarising a webinar chaired by Rob Driscoll (Director of Legal & Business at ECA, Chair of the Cabinet Office Payment Advisory Group), with panel members from Willmott Dixon, Morgan Cass and Adexsi UK.
[Rather watch the webinar recording? Click here – ‘Webinar Recording – Construction Payment Practices Review’.]
Complete the form to read the report.
The panel considered the latest update from Build UK’s benchmarking of payment performance and discussed building a responsible payment culture.
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- Why the regulations and Build UK payment practice reports were introduced.
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- How far reports have transformed behavior and whether the reports match the reality of the industry experience.
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- Proposed amendments to the Payment Practices and Performance Regulations including the potential benefit of a ‘value’ reporting metric.
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- How companies can encourage fair and prompt payment by using technology to adopt a collaborative approach to variations and supply chain applications for payment.
