NFRC (National Federation of Roofing Contractors) is urging roofing and cladding business owners across the UK to respond to the UK Government’s consultation on late payment and retentions before it closes on 23 October.
The department for business and trade is proposing major reforms to tackle unfair payment terms, introduce penalties for repeat late payers, and either ban or protect retentions through trust-based mechanisms.
NFRC chief executive James Talman said, “We finally have a real chance to change the law on late payment and retentions, but we need your voice. The Government is proposing major reforms that could make a real difference.
“Those who benefit from the current system are working to stop these law changes, so you need to show your support for change. This is your opportunity to help shape the future of payment practices in construction. Every response counts, and silence will only help those who want things to stay the same.”
Around 40 NFRC members recently joined a webinar with DBT to learn more about the proposals, with senior officials Nicola Walters and Fergus Harradence presenting and taking questions directly. You can learn more about the measures and view a recording of the webinar here: https://www.nfrc.co.uk/resource/late-payment-retentions-what-government-s-proposing-webinar-recap.html
NFRC’s step-by-step guides are available to help people respond to the consultation https://www.nfrc.co.uk/resource/late-payment-and-retentions-consultation-response-guide.html
