The SEC Group found that only 25% of public sector bodies had a system in place to track the speed of payments.
38% of public sector clients have breached late payment legislation.
In addition to these statistics, the group also discovered that 9 in 10 public sector clients used a cash retention system to withhold payment – improving capital available in the short-term.
Furthermore only 14% of public sector clients made use of PAS 91 pre-qualification questionnaires, which are designed to save suppliers time when looking to gain public sector work.
SEC Group have assembled a six-point plan to ensure to ensure fair payment throughout the construction supply chain:
1. All public sector payments should be made within 30 days of the end of the month when the work was carried out.
2. Organisations failing to pay their supply chain within 30 days should be excluded from bidding for further public sector contracts for a year.
3. Cash retentions should be required to be placed in trust, in a segregated account.
4. Targets should be set to introduce project bank accounts throughout the public sector, to ensure the supply chain is guaranteed payment.
5. Pre-qualification processes should be standardised throughout the public sector.
6. The office of Public Procurement Ombudsman should be created to keep track of payment timeliness.
Integrity Software Systems,
First Floor, Landmark House East,
Alpha Court,
Lincoln,
United Kingdom,
LN6 3TA
Phone: 0345 340 3040
Visit Integrity Software's website
On 13th and 14th June, The Encon Group, the number one independent distributor of building materials, gathered industry professionals at its first Passive Fire Protection Showcase.
Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Exhibitions and Conferences, Facility Management & Building Services, Health & Safety, Insulation, Retrofit & Renovation, Security and Fire Protection, Seminars, Training, WallsTwo new visual technical guides from Glidevale Protect have been released to help specifiers and roofing contractors determine the correct roof space ventilation requirements depending on the type of pitched roofing underlay used.
Posted in Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Damp & Waterproofing, Facility Management & Building Services, Heating, Ventilation and Air Conditioning - HVAC, Innovations & New Products, Membranes, Posts, Publications, Restoration & Refurbishment, Retrofit & Renovation, Roofs, VentilationThe popular Ali VU range of slimline aluminium windows and doors from Senior Architectural Systems has been extended with the addition of a new heritage style door option
Posted in Aluminium Products, Articles, Building Industry News, Building Products & Structures, Building Systems, Doors, Innovations & New Products, Posts, Restoration & Refurbishment, Retrofit & Renovation, WindowsAbloy UK is urging ports to ensure facilities are equipped with effective access control systems to minimise any further disruption and ensure smooth operations.
Posted in Access Control & Door Entry Systems, Articles, Building Industry News, Building Products & Structures, Building Services, Case Studies, Facility Management & Building Services, Health & Safety, Innovations & New Products, Posts, Retrofit & Renovation, Security and Fire Protection