Contractors told to pay invoices faster or get barred from government work

By Will Ing2019-04-05T05:00:00

Cabinet Office minister Oliver Dowden orders firms to ‘clean up act’ in letter being sent out to thousands over next few days

Building understands Interserve, Kier and Balfour Beatty are among thousands of government suppliers which have been told to pay on time or face a ban on winning more work.

More than 10,000 firms will begin receiving a letter from Oliver Dowden, minister for implementation at the Cabinet Office, over the next few days telling them they must pay 95% of invoices on private sector jobs within 60 days.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community