The new Fair Payment Code (FPC) explained: a comprehensive guide for construction contractors
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Late payments and inefficient supplier payment processes have long been challenging in the UK construction industry, causing financial strain, project delays, and supply chain disruptions.
With increasing scrutiny of industry payment practices, the introduction of the Fair Payment Code (FPC) provides an opportunity for construction organisations to improve payment practices across their supply chain.
In this OnDemand webinar we get to grips with the FPC and its three awarding criteria, the impact it can have on your supply chain and the benefits and opportunities in achieving and maintaining an FPC award.
What's on the agenda?
Causeway Technologies introduces a 45-minute, Q&A-style webinar with Philip King, former CEO of the Chartered Institute of Credit Management and Causeway Cashflow Consultant who discusses how the Fair Payment Code (FPC) defines best practices, improves compliance, and can enhance financial efficiency to ensure your organisation meets FPC standards and gains a competitive advantage.
- Understand the FPC and its impact on construction contractors and supply chains.
- Learn how to apply for FPC recognition, what is required, the timescales and the three awarding criteria (Gold, Silver and Bronze).
- Recognise the benefits and opportunities in achieving and maintaining an FPC award through the principles of being Clear, Fair, and Collaborative.
- Identify common barriers to meeting FPC criteria and practical strategies to overcome them.
What is the Fair Payment Code and what has happened to the Prompt Payment Code ?
What are the awarding levels - bronze, silver and gold, and the benefits, barriers and considerations to applying?
What evidence is required to apply for the FPC, and who decides what award level is achieved?
Do you have a question about the Fair Payment Code (FPC) or how Causeway can help you achieve a Gold Award (the highest FPC standard)?
Contact us today to find out more.