The Construction Leadership Council is seeking industry views as it responds
to the Government’s consultation on the Regulations which require large
businesses to report on their payment performance.
The consultation is part of a wider review of business practices which
impact upon the small business community.
The Construction Leadership Council (CLC) has published a survey to gather
an initial industry opinion on key questions.
Survey findings will be accompanied by a series of workshops later in the
Spring to agree industry’s response to this longstanding challenge.
Payment data is available here covering all sectors.
Construction specific league tables can be found here.
The survey can be found here: https://www.surveymonkey.co.uk/r/CLCPaymentSurveyFebruary2023
Commenting on the survey launch, Steve Bratt, Chair of the CLC Business
Models Workstream and Chief Executive of the Electrical Contractors Association
said: “The regulations
introducing the duty to report on payment performance have been welcome and
have provided a focal point for monitoring and improving payment performance.
“However, it is important not to
stand still on our progress and to seek opportunities to improve further. This
consultation explores going further, notably by seeking to measure the monetary
value of payments made as well as the volume, and the provision of detailed
information about retentions held.
“Seeking further clarity on these two
issues have been a major challenge for our industry and the consultation provides
an ideal framework to have meaningful discussion.
“We are grateful to those in our
industry who have taken the lead over the years to improve payment behaviours
to date, and we hope that they will continue to work with us to deliver next
level transformative change.”
