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5 Main Effects of Delayed Payments in Construction

5 Main Effects of Delayed Payments in Construction

by Muimi Nzangi | Oct 4, 2024 | Construction

Delayed payments have been a significant concern for the construction industry. Both bespoke and standard forms of construction contracts have laid down guidance on the path to be taken when payment is delayed.However, even with those measures in place, the challenge...
What Happens When Payments Delay in Construction?

What Happens When Payments Delay in Construction?

by Muimi Nzangi | Sep 27, 2024 | Construction

The slow payment process is a problem that we have to deal with in the construction industry. As a contractor or sub-contractor, you aim to complete a project within budget, and on time and make profits. If payments are delayed, that is going to affect your cash flows...

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