The trade group has unveiled its three targets for tackling payment issues
Bigwigs at Build UK want to benchmark members鈥� payment records as part of an initiative to tackle the industry鈥檚 late payment culture.
It said the system would help clients, contractors and suppliers to make better decisions about who they work with.
The trade group also said it was creating a taskforce to identify and challenge contractual clauses regularly introduced to the standard forms of contract that 鈥渄emand the impossible and perpetuate the inequitable transfer of risk鈥�.
The move follows Carillion鈥檚 collapse in the middle of January and Build UK chief executive Suzannah Nichol said: 鈥淸It] shows the outcome when a major industry sector operates with a commercial model that is not fit for purpose.
鈥淲e have seen up close what happens when we have a combination of lowest price, inequitable transfer of contract risk, poor payment practices and inadequate governance.鈥�
No comments yet