Big firms will need to speed up payments to meet government demands

By Will Ing2019-04-11T05:00:00

Contractors’ own figures show how far some have got to go to stave off Cabinet Office threat of losing public work

The scale of the task facing contractors to meet new government targets on payment records can be revealed with none of the country’s biggest firms meeting a threshold set by Cabinet Office minister Oliver Dowden.

Dowden wrote to thousands of firms telling them they must pay 95% of invoices on private sector jobs within 60 days – or face the consequences.

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