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Payment problems set to persist

Language: English Series: Contract Journal ; 387(6123) 30 April 1997, 1(1)Publication details: 1997Subject(s): Summary: Despite expected payment rules in the Housing Grants, Construction and Regeneration Act, the construction industry could still experience cashflow problems. To overcome this weakness in the Act, the Construction Industry Board is to introduce a new code of practice "Engagement of Main contractors".

Despite expected payment rules in the Housing Grants, Construction and Regeneration Act, the construction industry could still experience cashflow problems. To overcome this weakness in the Act, the Construction Industry Board is to introduce a new code of practice "Engagement of Main contractors".