Construction Industry Invited to Take Part in Payment Survey

THE CONSTRUCTION LEADERSHIP COUNCIL (CLC) is seeking industry views as it responds to the Government’s consultation on the Regulations which require large businesses to report on their payment performance.

The consultation is part of a wider review of business practices which impact upon the small business community.

Payment Survey

The CLC has published a survey to gather initial industry opinion on key questions and to develop a unified response to the consultation.

Survey findings will be accompanied by a series of workshops later in the Spring to agree industry’s response to this longstanding challenge.

Payment data covering all sectors is available here. Construction specific league tables can be found here.

Complete the February 2023 payment survey here.

Steve Bratt, Chair of the CLC Business Models Workstream and Chief Executive of the Electrical Contractors Association, said: “The regulations introducing the duty to report on payment performance have been welcome and have provided a focal point for monitoring and improving payment performance.”

“However, it is important not to stand still on our progress and to seek opportunities to improve further. This consultation explores going further, notably by seeking to measure the monetary value of payments made as well as the volume, and the provision of detailed information about retentions held”.

“Seeking further clarity on these two issues have been a major challenge for our industry and the consultation provides an ideal framework to have meaningful discussion.”

“We are grateful to those in our industry who have taken the lead over the years to improve payment behaviours to date, and we hope that they will continue to work with us to deliver next level transformative change.”

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