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From 1 January 2008 it is recommended that clients in the public
sector adopt the Office of Government Commerce (OGC) Fair
Payment Charter, which requires payment within 30 days throughout
the supply chain. NSCC has found from past research that 95% of
Specialist Contractors routinely wait more than 30 days for payment.
Starving businesses in the specialist sector of monies they are owed
limits their ability to invest properly in growing and improving their
businesses in terms of health and safety, training, and plant and
materials, and the entire construction industry suffers as a result.
NSCC wants the principle of 30-day payment embodied within the
Fair Payment Charter to be extended to all construction projects and
is encouraging Specialist Contractors to insist on payment from their
clients within 30 days.
This guidance note is one of a series published by NSCC as part
of its Fair Payment Campaign, which was launched in September
2007 to improve payment practices in the construction industry.
The campaign has 3 objectives: certainty of payment, 30-day payment
periods, which is dealt with in this guidance note, and the removal of
retentions. For advice on achieving certainty of payment or removing
retentions from your contracts, you can download the appropriate
guidance note from www.fairpaymentcampaign.co.uk.
By following the advice in this guidance note and implementing
the campaign objectives within your business, you can help NSCC
to change payment practices and make the construction industry
a fairer place for all Specialist Contractors.
To show your support for the NSCC Fair Payment Campaign, sign up
to the campaign at www.fairpaymentcampaign.co.uk and use the
campaign logo on your company stationery and invoices.sector adopt the Office of Government Commerce (OGC) Fair
Payment Charter, which requires payment within 30 days throughout
the supply chain. NSCC has found from past research that 95% of
Specialist Contractors routinely wait more than 30 days for payment.
Starving businesses in the specialist sector of monies they are owed
limits their ability to invest properly in growing and improving their
businesses in terms of health and safety, training, and plant and
materials, and the entire construction industry suffers as a result.
NSCC wants the principle of 30-day payment embodied within the
Fair Payment Charter to be extended to all construction projects and
is encouraging Specialist Contractors to insist on payment from their
clients within 30 days.
This guidance note is one of a series published by NSCC as part
of its Fair Payment Campaign, which was launched in September
2007 to improve payment practices in the construction industry.
The campaign has 3 objectives: certainty of payment, 30-day payment
periods, which is dealt with in this guidance note, and the removal of
retentions. For advice on achieving certainty of payment or removing
retentions from your contracts, you can download the appropriate
guidance note from www.fairpaymentcampaign.co.uk.
By following the advice in this guidance note and implementing
the campaign objectives within your business, you can help NSCC
to change payment practices and make the construction industry
a fairer place for all Specialist Contractors.
To show your support for the NSCC Fair Payment Campaign, sign up
to the campaign at www.fairpaymentcampaign.co.uk and use the
...........dave....................
NSCC
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