Late payment bill to enforce 30-day terms

Posted by Hazel Duhy on in UK News.

A new private members bill is being launched in the House of Lords today in the latest bid to toughen-up late payment legislation.

The bill proposed by Labour peer Lord Mendelsohn contains a statutory limit of 30 days for paying bills.

It also outlaws unfair payment practices like subcontractors having to pay fees to get on main contractors’ preferred lists of suppliers and payment of fees to get paid earlier under supply chain finance schemes.

Read more of the Construction Enquirer article here