Home  |  About us  |  Information &
publications
 |  Strategic
Forum
 |  Discussion  |  Links  |  News  |  Blog  |  Contact us

Building a Better Future for the Construction Industry

NFB welcomes Network Rail’s signal on fair payment   20th June 2018

The National Federation of Builders (NFB) has welcomed Network Rail’s announcement that it will commit its suppliers to paying their subcontractors within 28 days. 

The NFB has long argued for fair payment to be enforced at a central and local government level. 

Fair payment provisions are in place both in legislation and in standard contracts used across the industry, such as the Joint Contracts Tribunal (JCT). However, the legislation is rarely enforced and the fair payment contract provisions are usually the first to be amended on a project.

The NFB and the Scottish Building Federation are the only bodies representing contractors in negotiations on JCT and NEC contracts. We would welcome a commitment to keep the fair payment provisions already negotiated in place.

The effects of failing to pay fairly are becoming more widely known. A Prompt Payment Directory survey revealed that 48% of SME respondents who had experienced late payment said they had suffered from stress, anxiety, and other mental health issues.

Richard Beresford, chief executive of the NFB, said: “Certainty of payment creates a truly healthy supply chain. Network Rail has answered the question on how quickly can a major supplier change its payment policy. The only question that remains is ‘who will be the next major contractor to act on fair payment?’”
  

 

NEWS ARCHIVE Subscribe to the Construction Alliance News feed

15.6.18
NFB welcomes new national chair Neil Walters
Neil Walters became national chair of the National Federation of Builders (NFB) on Thursday 14 June at the NFB’s annual general meeting (AGM) which was followed by a celebratory gala dinner. More

7.6.18
National Federation of Builders urges the Government to make Brexit work for SMEs
With fewer than 300 days until the UK officially leaves the EU and three weeks until the June European Council summit, the National Federation of Builders (NFB) is concerned that the Government has not set out in greater detail its vision of the future relationship between the UK and the EU after March 2019. More

5.6.18
CECA: Heathrow expansion crucial to securing post-Brexit growth
Civils contractors today said that the expansion of Heathrow is crucial to the UK’s economic future after the Government tabled a National Policy Statement for approval by Parliament. More

Latest More recent items Earlier items

divider
follow us on twitterfind us on Facebookwatch us on YouTube