European Construction Companies Support Plan to Tackle Late Payment … With Some Major Reservations
November 28, 2023
Getting paid late is the bane of many construction companies. That particularly applies to subcontractors who can find themselves waiting, sometimes for months at a time, for the cash they are owed to trickle down long supply chains. And such long waits cause inevitable cashflow problems that in the worst case can cause businesses to collapse. In fact, it is estimated that over 500 invoices are issued every second within the European Union, with around half not paid on time.