Prompt Payment in construction: your guide to achieving 45-day payments by 2025
In the Autumn Statement 2023, the Government outlined significant changes to its Procurement Policy. For companies in the construction sector, understanding the impact of these changes is vital. Download this short guide for a detailed explanation on what is changing, when, and how you should be preparing right now.
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The catalyst for policy change – why now, and what's next?
Several factors have driven the government to implement these new provisions. At the heart of this initiative is the health of SMEs.
Implications for the construction industry
Construction is one of the key sectors that bids for large government contracts, therefore the sector is under the spotlight.
Practical guidance on how to achieve the requirements
It’s more than just looking at changing a process at head office level in order to move POs, invoices, Goods Receipts Notifications (GRNs) and payments through quicker.