Is Construction Sector Facing a Late Payment Epidemic?

Is Construction Sector Facing a Late Payment Epidemic?

Caleb Storkey News

In the UK, currently some 30% of all late payments are in the construction sector. There is £30 billion owed in outstanding invoices to small and medium sized building firms. The National Federation of Builders (NFB) has recently raised this as an urgent, if persistent, issue. An earlier study from the Building.co.uk website recorded that up to 16% of small firms’ …