Construction businesses in Scotland are still suffering the scourge of late payments, outstanding retentions and unexpected charges, a new survey by the CICV has revealed. Some 68% of respondents to our poll said their payment terms were altered negatively, with 60% claiming adjustments to payments were made with little or no explanation. And 69% of […]
Tag: project bank accounts
CICV launches major payment and cashflow survey
THE Construction Industry Collective Voice (CICV) has launched a new survey to help establish an overview of the current state of payments and cashflow in the Scottish construction industry. Created by the CICV’s Pipeline & Commercial sub-group, the survey is structured so that answers are anonymous, with no possibility of respondents being identified. All information […]
David joins expert panel for first Forum webinar
A leading financial expert has joined the panel of experts offering advice on project bank accounts (PBAs) at the first CICV Forum commercial webinar. David Rennie, Relationship Director at the Royal Bank of Scotland, will play a starring role in the opening Forum webinar on Tuesday 15 September, which aims to help construction industry professionals […]