Opinion

Chrissi McCarthy: why prompt payment matters

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Comments

  1. The Prompt Payment Code signatories undertake to: “Pay on time- “within the terms agreed at the outset of the contract” So 90 days it is then?

  2. I agree with Chrissi over late payment but would go a lot further. I worked on a contract run by one of the major contractors who has a 60+ day payment period.

    The sub-contractor carrying out the roofing and cladding went into liquidation; the curtain walling contractor did the same, so the building was not water tight, but because the programme was running late the internal works were being installed, ignoring the specification regarding temperature and humidity. I spoke to the QS and asked him if he thought there might be a connection between late payment and sub-contractors going broke, but he did not care.

    The Architect was not monitoring the construction work so the Client would end up with a defective building with a shortened life, the nation would have an increased maintenance bill, but the powers that be do not have the wit to understand the problem.

    The Government should insist and police effectively a 30 day payment regime for all Government and Government sponsored contracts. Contractors who do not follow that regime should be precluded from Government Contracts.

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