Tag: late
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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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Report Finds Late Payments, Not Just Weather, Behind Many Construction Delays
From detoured commutes to half-finished highways, construction delays are a daily frustration for many Americans. According to new research from Mobilization Funding, 91% of U.S. adults say they’ve had to change routes or plans because of construction, and 70% say those delays affect their daily lives. While most people blame bad weather or poor planning,…
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Firms that pay suppliers late could be fined millions under new laws
“Late payments have plagued the sector for too long, causing significant cashflow challenges, hindering growth, and in many cases, forcing businesses to shut up shop. Over the past decade, construction firms have accounted for approximately 18% of total insolvencies in England and Wales, whilst accounting for less than 15% of companies. View the original article…
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New small business commissioner appointed to end late payments
The government has appointed Emma Jones CBE as the new small business commissioner responsible for tackling late payments and unfair payment practices in the private sector. Jones is the founder of Enterprise Nation, a network supporting small businesses. She takes over from Liz Barclay, who led on the design and delivery of the new Fair…
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It’s not too late to offset tariffs on existing jobs
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Attorneys Stacy Bercun Bohm and Trav Clark focus on construction and related litigation matters at Miami-based law firm Akerman. Opinions are the authors’ own. The impacts of tariffs on imports from countries across the globe are being…
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Hidden Costs in Property Management: What Owners Overlook Until It’s Too Late
Property management involves much more than collecting rent and overseeing tenant complaints. While the returns can be rewarding, many property owners—especially those new to the game—find themselves unprepared for a series of hidden costs that creep in over time. These unexpected expenses can quickly turn a profitable investment into a financial burden. Understanding and preparing…
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Kevin McCloud says ‘it’s never too late’ as Grand Designs sees 82-year-old widow build her forever home
In one of the most moving episodes of Grand Designs this series, 82-year-old Kathryn took on an ambitious new chapter: building her forever home right next door to the one she’s lived in since she was 24. With the help of her architect son, James, Kathryn is saying goodbye to her beloved family home of…