Wise Up Wednesday: It’s Official – Shop The Bad Payers!
It’s now official that you should shop the bad payers!
According to a report in PBC Today the government will ‘call out’ construction companies who indulged in poor payment practices during the Covid-19 crisis, says the minister for small business, Paul Scully.
So, if that’s the official line let’s make sure it happens!
The report says that during a webinar hosted by the Building Engineering Services Association (BESA) Scully said that “too many large construction firms have changed their payment terms during the current Covid-19 crisis to protect themselves at the expense of smaller businesses,
“Everyone must be responsible” he said and “The government should be taking the lead at both central and local level by setting a good example on payment practices – we want to keep working with our supply chains.
“However, far too many big businesses are changing their payment terms, which is creating a huge David versus Goliath impact,” Scully said.
Payment abuse vs. best practice
He also said that we should point out examples of payment abuse to his department, but equally to highlight best practice that could encourage others to follow suit.
Shop The Bad Payers – Report Them Anonymously
One of the problems we have found over the years is that most Specialist Contractors are reluctant to report bad practice for fear of reprisals or blacklisting. That’s why we are providing a mechanism for you to report bad practice anonymously.
If you see or are subject to bad payment practice you can share it with us and we will report it to Scully’s department in such a way that the source cannot be traced back to you.
So come on let’s make this happen and bring to fruition the prime minister’s warning that, when this is all over, people would be asking: “What did you do to help other businesses and your community?”
In other words those that behaved badly, and didn’t pay properly or abused their supply chain in one way or another, should be remembered and by implication, avoided.
All you need to do is call our friendly helpline on 01773 712116 or email firstname.lastname@example.org.
Shop The Bad Payers – Don’t Allow “Coronavirus” To Be The Latest Excuse For Non-payment
Don’t be put off from collecting what’s due to you or think it will take months or years and cost a fortune. Here are a few examples of how effectively we have got payment for our Clients;
- Collected £5.5k for a paving contractor who had been trying for over 18 months – monies recovered within 3 weeks of our appointment
- Electrical contractor recovered £170k in overdue payment within 7 days of our appointment
- Groundwork contractor recovered £30k retention that was 2 years overdue – recovered within 2 months of our appointment
- Within 3 days of our appointment we helped a tiling contractor recover £5k in retention that had been overdue for 4 years
In all cases recovery was very cost effective.
So, if you would like a free no obligation chat with one of our experts or need someone to take action on your behalf right now, then don’t delay, call our friendly Payment Helpline on 01773 712116 or email: email@example.com for free, no-nonsense, down to earth advice!
If they aren’t paying you then, as the Government says, shop the bad payers.
And What About That Retention You Are Owed?
Most Specialist Contractors, Trade Contractors and Subcontractors are owed substantial sums in retention. Why wait to collect it when we can do that for you on a no win no fee basis?
That’s right, you get paid first and only then do you pay us!
It’s your money and it should be in your bank!
Call Our Friendly Team
Remember our team includes Specialist Quantity Surveyors and Construction Contracts Consultants, and we have the capability to resolve your problem quickly and cost effectively.
So, if you would like a free no obligation chat with one of our friendly experts or need someone to take action on your behalf right now, then don’t delay, call our friendly Payment Helpline on 01773 712116 or email StreetwiseSubbie here for free, no-nonsense, down to earth advice!
Take action now to protect your business, your team, and your family.