NuGen Properties

CLC seeks views on payment reporting

CLC seeks views on payment reporting


The government wants to know whether The Reporting on Payment Practices and Performance Regulations 2017 have achieved their objectives or had any unintended consequences.

The regulations expire on 6th April 2024 and ministers have yet to decide whether they will be extended.

The consultation is part of a wider review of business practices that impact upon small businesses.

The Construction Leadership Council (CLC) has published a survey to gather an initial construction industry opinion on key questions.

Survey findings will be accompanied by a series of workshops later in the spring to agree industry’s response.

The survey can be found at www.surveymonkey.co.uk/r/CLCPaymentSurveyFebruary2023

Electrical Contractors Association chief executive Steve Bratt is chair of the CLC business models workstream. He said: “The regulations introducing the duty to report on payment performance have been welcome and have provided a focal point for monitoring and improving payment performance.

“However, it is important not to stand still on our progress and to seek opportunities to improve further. This consultation explores going further, notably by seeking to measure the monetary value of payments made as well as the volume, and the provision of detailed information about retentions held.

“Seeking further clarity on these two issues have been a major challenge for our industry and the consultation provides an ideal framework to have meaningful discussion.

“We are grateful to those in our industry who have taken the lead over the years to improve payment behaviours to date, and we hope that they will continue to work with us to deliver next level transformative change.”

Got a story? Email [email protected]



Source link


Customer Reviews

Nugen Properties

Customer Reviews

Dan Morten 18/01/22

Google
Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

Google
NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Google
Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Google
Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Google
Great firm to communicate with fast and good quality work.