Tag: invoices
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Late payments: CIOB backs hard cap on time for invoices to be paid
The Chartered Institute of Building (CIOB) has said it supports a hard cap on the time allowed for invoices to be paid or disputed to end poor payment practices in the industry. In its response to the government consultation on late payments, CIOB also backed “financial consequences” for those who ignore the rules, as well…
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Chicago asks city contractors to cut invoices by 3%
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Contractors that work with the city of Chicago have been asked to trim their invoices to the city, according to a letter the city’s procurement office sent businesses last month. A copy of the letter,…