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.
The survey can be found here: https://www.surveymonkey.co.uk/r/CLCPaymentSurveyFebruary2023
Closing Date : Close of Play Monday 20th March 2023
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.”