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Late payment – a perennial problem with a digital solution?

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Comments

  1. Hi Andrew

    The solution you call for already exists in Australia and is coming soon to the UK. Go to http://www.progressclaim.com or email inquiries to [email protected].

    Regards

    Lincoln Easton
    Founder and CEO

  2. Slow payment is a behavioural and cultural issue.

    I for one don’t believe that lack of technology is a significant cause of the problem, so I don’t see how it can be an important part of the solution.

    Almost all main contractors get paid by their customers faster than they pay their supply chain. If they wanted to, they could apply some of their process expertise that helps them to get paid, to improve the process with their supply chain.

  3. Malaysia enacted a law No.746 in 2012 making it mandatory for progress payments to be made within the agreed period. Government funded contracts were exempted from the Act. Further progress payments were subject to Goods and Services Tax from 1.4.15 and Guide issued on 29.10.14 by Customs Authorities.

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