Campaigning body SELECT has said the latest 'late payment' research findings by the Specialist Engineering Contractors (SEC) Group Scotland should be a wake-up call for the Scottish economy.
ECA and BESA are spearheading a new payment and mental health survey to understand how poor payment practices are impacting mental health and business wellbeing.
SELECT is getting involved in the upcoming general election by urging all candidates to back legislation that would end late payments on all public sector contracts and subcontracts.
A new survey from the ECA and BESA has found that 47% of small business owners and managing directors have had to stop their own pay due to the impact of unfair payment practices by their buyers. This is just the latest revelation on the impact late payments have on companies in the UK.
The latest sector-wide Building Engineering Business Survey, sponsored by Scolmore, indicates that sector growth remained steady in the third quarter of 2019.
SELECT has reminded its members to have their say and take part in an industry-wide consultation on the use of cash retentions in construction.
The Scottish arm of construction body SEC Group has welcomed two experienced industry professionals to senior roles within the organisation.
Almost four in 10 small and medium-sized businesses across all industry sectors are encountering mental health issues among staff due to unfair payment practices, according to a new YouGov poll.
The latest quarterly sector-wide Building Engineering Business Survey, sponsored by Scolmore, shows that payment conditions in the industry remain poor, with the majority of public sector work being paid for after more than 30 days.
SELECT, the campaigning body for the electrotechnical industry in Scotland, has added its voice to the Scottish Government’s consultation on the use of cash retentions in construction.
Cashflow has completely dried up for nearly 80% of firms in the construction industry in Scotland, according to businesses which responded to a survey carried out by the newly-established Construction Industry Coronavirus (CICV) Forum.
The Construction Industry Coronavirus (CICV) Forum and Construction Scotland have joined calls for the sector to ensure payments are made on time to safeguard cashflow and ensure business and job survival.
Rob Driscoll, ECA director of legal and business, discusses the devastating effects of late payment impacting businesses and individuals across the sector.
ECA’s professional team comment on the key features of the CLC Roadmap to Recovery, published on 1 June.