Payment Delays

5 Main Effects of Delayed Payments in Construction

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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 remains. When a project owner fails to pay the main contractor in time, … Read more

What Happens When Payments Delay in Construction?

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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 and the ultimate success of the project. … Read more

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