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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
3 days ago4 min read
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