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UK Construction Act overview: take control of subcontractor payments

UK Construction Act overview: take control of subcontractor payments

The UK Construction Act Begins to Bite

The provisions set out in the new, tougher UK Construction Act place effective management of subcontractor payments at the top of contractor priorities. The payment provisions in the UK Construction Act have been designed to impose structure, clear timelines and defined areas of responsibility into what is one of the most contentious parts of the contractor – subcontractor relationship. The Act covers the likes of contractor-subcontractor payment, preventing ‘paid when paid’ mentality, along with the timely Pay Less Notice.

Contractors need to understand how these new requirements will impact across the various functions and roles within their business and what steps they need to take to implement the processes required to satisfy them, ensuring favourable outcomes for the business..

Working towards compliance with this new payment process for subcontractors will undoubtedly mean additional time and financial overheads for contractors. But it also represents an opportunity to build better relationships with subcontractors and improve overall financial planning within the business.

Please fill out the form to download the full guide:

Download the full guide here:

We may process your personal information for carefully considered and specific purposes which are in our interests and enable us to enhance the services we provide, but which we believe also benefit our prospects/customers. You can opt out of these communications at any time.

Please see our privacy policy for more information on how we may use your personal data.

While researching this article, we read a number of different resources. If you want further information on this topic, please refer to the list of useful sources below.

legislation.gov.uk
http://www.legislation.gov.uk/ukdsi/2011/9780111512975
healys.com
https://healys.com/insights/construction-law-insights/timing-of-payments-and-suspension-of-works-under-construction-contracts/
mishcon.com
http://www.mishcon.com/news/briefings/painless_pay_less_notices_12_2013
stevencevans.com
http://www.stevencevans.com/payment-under-the-new-construction-act-a-practical-guide/

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