The CICV has followed up the results of its recent payments survey by issuing a new Best Practice Guide to help contractors and sub-contractors improve cashflow and prevent costly and damaging disputes.
Tag: SFT
Industry still blighted by serious payment issues, CICV survey reveals
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 […]
SFT paper addresses impact of COVID-19 on hub contracts
The Scottish Futures Trust (SFT) has produced a paper on how authorities may interpret the provision of the Scottish Government’s Construction Policy Note 1/2020 for existing construction projects in the hub programme. By presenting this view, the SFT hopes that there may be a common approach adopted with appropriate levels of collaboration between authorities and […]