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Payment Terms Subject Of Construction & Housing Yorkshire Workshop

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Representatives from some of the biggest names in the regional construction industry will be answering questions on payment terms, at a seminar being held tomorrow (Wednesday, April 17) in  Leeds.

The free event – being staged at the White Rose Conference Centre between 5pm and 7.30pm – has been organised by Construction and Housing Yorkshire, which engages with developers, contractors and sub-contractors on major construction developments.

Construction & Housing Yorkshire director Rob Wolfe said:

One of the biggest grumbles we hear from our member working as sub-contractors is the payment terms they are expected to agree with.

It can take as long as 120 days to get paid which can put an awful strain on a small business’s cash flow. It is also claimed that half of all sub-contractors have to threaten legal action to get paid.

During this workshop, sub-contractors will be able to debate the key issues with representatives from Keepmoat, Wates, BAM  and Leeds City Council.

Mr Wolfe added the points raised would then be submitted into a paper highlighting the issues and offering recommendations for the future.

For those who are interested in attending this event, should register by e-mail at the following address: nicola.akers@construction-yorkshire.org.uk, or by calling 0113 8814 810. The event, which takes place between 5pm and 7.30pm, is free of charge.

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