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The government has lowered the required standard of payment performance for contractors working on public projects temporarily to give companies time to comply with its ambition for more stringent rules.
The move was welcomed by the Chartered Institute of Building (CIOB), which had lobbied for an interim change to the rules.
The Cabinet Office announced earlier this year that from September, companies would be prevented from bidding for public sector contracts unless they could show that they paid 95% of their invoices within a maximum of 60 days.
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