There is a new Fair Payment Code for UK businesses. Small business commissioner Liz Barclay explains why it is particularly relevant to the construction sector.

The government is to conduct a review into late payments for small businesses.

Build UK contractor members have reduced the amount of time they take to pay invoices to 34 days.

Construction Leadership Council (CLC) chair Andy Mitchell has said he remains concerned about payment delays in the construction supply chain during the pandemic.

Both Sir Robert McAlpine and Laing O’Rourke have improved the time it takes them to pay their suppliers, as new reports for some construction firms were published. Laing O’Rourke Construction…