Are construction payment processes deliberately obfuscated to delay payment?
At a recent roundtable, we discussed how the industry can tackle its late payment woes - bit.ly/2X61dLh
See how Payapps can help simplify payment processes - bit.ly/2OxWVbh
Taken directly from CBI's excellent industry report, (bit.ly/2Q7pfkI);
'Better cashflow will increase trust between firms, reducing the industry’s dispute culture.'
That is precisely what Payapps was designed to solve.
Find out more here - bit.ly/2OxWVbh
Have the UK's package of measures gone far enough to protect the #Construction industry and its workers against #coronavirus?
Should sites stay open to maintain the productivity of the industry, or better protect workers by closing all sites?
How to recession-proof your business - the 5-key ways that contractors can best prepare to face an impending recession from @constructiondive
bit.ly/3dxgn1T
Payment has long been one of the most contentious issues in the Construction Industry. Has the 'Construction Act' and its various amendments made any difference? bit.ly/2LLWFnI
We often talk about digital construction and how our technology can help firms achieve efficiencies and drive growth, but one equally important but less obvious area where digital can benefit is the opportunity to put a dent in the skills crisis.
bit.ly/2OxWVbh
By treating their supply chain as key business partners, Baxall Construction yield enviable profit margins of 4%
This is perfectly in line with our research whereby we understood that subcontractors load their bids by 4% to cover the risk of slow or non-payment.
'Disrupt or be disrupted'
So far, big tech companies have stayed away from the construction space, but if the industry doesn't adopt digital technology more rapidly, the sector might become the next taxi industry, looking around wondering what just happened.
Construction minister Nadhim Zahawi recently stated: “Whilst most in the construction industry favor change, there is no consensus to a possible solution"
What do you think? Is there a possible solution for all parties?
It's nearly two years since Carillion's insolvency rocked the construction world. But as an industry, have we really learnt from this?
In our blog, we lift the lid on three learnings that all construction businesses should heed.
bit.ly/2wwvAPL
