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.
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: firstname.lastname@example.org, or by calling 0113 8814 810. The event, which takes place between 5pm and 7.30pm, is free of charge.