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Payment Terms For Construction: What To Include So You Get Paid On Time
Late payment in construction often starts long before an invoice goes overdue. Applications, valuations, variations, retentions and final accounts all depend on terms that were agreed, or never agreed, at the start of the job. Clear payment terms won't guarantee that anyone pays on time, but they give you something concrete to point to when payment slips. In short: good construction payment terms set out how and when you apply for payment, when payment falls due, how retentio

Jamie Sedgwick
4 days ago4 min read


Interest, Compensation And Costs: What You Can Claim On A Late Construction Payment
In construction, a late payment rarely arrives alone. Applications get queried, final accounts drag on, and retentions sit for months after the job is done. By the time an invoice is finally paid, the delay has often cost the business far more than the invoice amount shows. What many contractors and subcontractors don't realise is that UK law lets you claim for part of that cost. In short: under the Late Payment of Commercial Debts (Interest) Act 1998, a business that is paid

Jamie Sedgwick
Oct 164 min read


What Is The Fair Payment Code, And Does It Actually Work?
If you've heard the term "Fair Payment Code" mentioned recently and aren't quite sure what it means, you're not alone. It's a genuinely useful thing to understand - especially if you're deciding whether to work with a new, larger client, or wondering what "good payment practice" is actually supposed to look like in the UK right now. In short: the Fair Payment Code is a voluntary UK government scheme, run by the Small Business Commissioner, that awards businesses a Gold, Silve

Jamie Sedgwick
Sep 254 min read


What Happens To Subcontractors When A Main Contractor Becomes Insolvent?
When a main contractor becomes insolvent, it rarely affects just one business. Subcontractors, suppliers, and smaller firms further down the chain are often left exposed - sometimes for work that's already been completed, sometimes for retentions that were meant to be released months ago. If you're a subcontractor wondering what happens to unpaid invoices and retentions when a main contractor goes under, here's what you need to know. In short: unpaid invoices and retentions o

Jamie Sedgwick
Sep 175 min read
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