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Is Your Construction Invoice Running Out Of Time? Debt Time Limits Explained
Construction projects run long, final accounts get disputed, and retentions sit untouched for a year or more after a job finishes. It's easy for an unpaid invoice to drift quietly from "being dealt with" to "forgotten about", and while that happens, a clock is running. In short: for most unpaid construction invoices, the general time limit to pursue the debt is six years in England, Wales and Northern Ireland, and five years in Scotland. The clock generally starts when the su

Jamie Sedgwick
3 days ago4 min read
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"We're Not A Bank": Why Construction Suppliers Are Shortening Payment Terms
"More customers are struggling to pay us on time than ever before, often because they're dealing with late payments themselves. At the end of the day, we're a builders' merchant, not a bank." That's how Keith Fryer, Director of Business Development at FORT Builders Merchant, described the pressure now facing suppliers across the construction supply chain. In short: new research from Bibby Financial Services found that 4 in 10 UK SMEs have shortened their own customer payment

Jamie Sedgwick
Oct 24 min read
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