DOWNLOAD – The Ultimate Guide to Construction Payment Claims | IE
Payment claims in the construction industry can be tricky for both contractors and subcontractors. The process has typically relied on tracking complex details through lengthy manual processes, meaning it can be challenging to follow the stage of a claim. Additionally, managing contract compliance can present another set of challenges for payers and payees. The good […]
Fair Payment Code Major Focus at the 2025 CFO Summit | IE
With the number of adjudications in the construction industry on the rise, and the number of insolvencies reaching unprecedented levels, the issue of fair and prompt payments has never been more relevant. It’s therefore unsurprising this was a hot topic at this year’s Construction Wave CFO Summit in London. One of the most keenly listened […]
Fair Payment Code Major Focus at the 2025 CFO Summit | UK
With the number of adjudications in the construction industry on the rise, and the number of insolvencies reaching unprecedented levels, the issue of fair and prompt payments has never been more relevant. It’s therefore unsurprising this was a hot topic at this year’s Construction Wave CFO Summit in London. One of the most keenly listened […]
ERP Integration is the Missing Link for Finance Teams in Construction
Learn how Construction ERP and accounting system integrations solve manual progress claim inefficiencies for finance teams.
ERP Integration is the Missing Link for Finance Teams in Construction
Learn how Construction ERP and accounting system integrations solve manual progress claim inefficiencies for finance teams.
New Construction Fair Payment Code Makes Payapps Obvious Choice for Applications for Payment | UK
The recently introduced Fair Payment Code, replacing the Prompt Payment Code, is set to significantly increase the importance of fast and accurate construction payments – bringing Payapps’ innovative application for payment software to the forefront of the industry. In any business, healthy cash flow is an essential aspect of growth, with long or late payment […]
Future-Proofing Finance Teams: Why Integration is Non-Negotiable
Understand why ERP integration is more important than ever in the industry.
Future-Proofing Finance Teams: Why Integration is Non-Negotiable
Understand why ERP integration is more important than ever in the industry.
Top 3 Challenges for Kiwi Finance Professionals in Construction (and How to Overcome Them)
Discover the top 3 challenges Kiwi finance professionals face in progress claims management.
Top 3 Challenges for Finance Professionals in Construction (and How to Overcome Them)
Discover the top 3 challenges finance professionals face in progress claims management.
DOWNLOAD – Thriving in the construction industry during challenging times | IE
Complete the form below to download the eGuide. Is your construction company ready to switch from survival gear to thrive mode? Complete the form below to download the eGuide. In 2024, many industries are still being negatively affected by challenging times in the aftermath of the COVID-19 pandemic. The relatively difficult circumstances the industry finds […]
DOWNLOAD – Thriving in the construction industry during challenging times I UK
Complete the form below to download the eGuide – Thriving in the Construction Industry During Challenging Times. Is your construction company ready to switch from survival gear to thrive mode? In 2024, many industries are still being negatively affected by challenging times in the aftermath of the COVID-19 pandemic. The relatively difficult circumstances the industry […]
Strengthening your construction business – 6 ways to reduce costs and improve profit margins | IE
As the construction industry transitions from surviving to thriving mode post-pandemic, the time has come for businesses to start growing profit margins to strengthen their position in the industry and stay ahead of the competition. Developing a strategic plan is vital for construction businesses looking forward to re-establishing company stability and healthy profit margins while […]
Strengthening your construction business – 6 ways to reduce costs and improve profit margins I UK
As the construction industry transitions from surviving to thriving mode post-pandemic, the time has come for businesses to start growing profit margins to strengthen their position in the industry and stay ahead of the competition. Developing a strategic plan is vital for construction businesses looking forward to re-establishing company stability and healthy profit margins while […]
Does technology hold the key to better cashflow? | IE
Complete the form below to download the Roundtable discussion. For any business, cash is king. Yet, in construction, cashflow issues are often cited as a reason companies struggle to stay afloat. Frequently, firms that go into administration may have projects scheduled and the skillset to carry jobs out but encounter problems paying bills – or […]
Does technology hold the key to better cashflow? I UK
Modernising how a business can pay and receive invoices, digital solutions can provide greater transparency and remove uncertainty. Payapps’ Head of Partnerships, Angus McAlpine, and Senior Business Development Manager, Anthony Puma, joined Construction News for a roundtable discussion, assessing the role technology can play in fixing the age-old payment conundrum. For any business, cash is […]
DOWNLOAD – The Ultimate Guide to Construction Applications for Payment
Applications for payment in the construction industry can be tricky for both contractors and subcontractors. The process has typically relied on tracking complex details through lengthy manual processes, meaning it can be challenging to follow the stage of an application. Additionally, managing contract compliance can present another set of challenges for payers and payees. The […]
A Guide to the Construction Industry Scheme (CIS) and Relevant Contracts Tax (RCT) I UK
What is the Construction Industry Scheme? Introduced by the UK Government in 1999, the Construction Industry Scheme launched with something of a shaky start, before a revamp in 2007 brought it in line with modern practices. Aimed at preventing tax evasion in the industry, the CIS outlines rules for how payments to subcontractors for construction […]
A Guide to the Construction Industry Scheme (CIS) and Relevant Contracts Tax (RCT) | IE
What is the Construction Industry Scheme? Introduced by the UK Government in 1999, the Construction Industry Scheme launched with something of a shaky start, before a revamp in 2007 brought it in line with modern practices. Aimed at preventing tax evasion in the industry, the CIS outlines rules for how payments to subcontractors for construction […]
Construction Act Compliance – What the Latest Ruling Means for Contractors I UK
A landmark case in the Technology and Construction Court looks to be the first to consider whether those issuing Payment Notices have a genuine belief that the amount stated is genuinely correct. The background Downs Road Development LLP (“the Employer”) employed Laxmanbhai Construction (UK) Ltd (“the Contractor”) to demolish existing buildings and erect new […]
Maximising Margins in Construction I UK
When you break it down into the simplest of terms, construction firms have two main goals – to build and to make a profit while doing so. The first is the easy part, but the second seems to be a struggle across the industry. From a boom period experienced in the early 2010’s, profit margins […]
Maximising Margins in Construction | IE
When you break it down into the simplest of terms, construction firms have two main goals – to build and to make a profit while doing so. The first is the easy part, but the second seems to be a struggle across the industry. From a boom period experienced in the early 2010’s, profit margins […]
WATCH – Webinar Recording with the NFB – Modernising Construction Payment Processes I UK
Complete the form below to watch the UK National Federation of Builders (NFB) webinar recording that reviews construction payment processes and how they can be modernised. Payment processes in the construction industry are nearly always a contentious subject. Inefficient and old-fashioned, for many companies making payments can be just as much of an issue as […]
WATCH – Webinar Recording with the NFB – Modernising Construction Payment Processes | IE
Complete the form below to watch the webinar recording. Payment processes in the construction industry are nearly always a contentious subject. Inefficient and old-fashioned, for many companies making payments can be just as much of an issue as ensuring they receive them. In partnership with The National Federation of Builders (NFB), we held a webinar to […]
In Brief – How to Manage Construction Retention I UK
What is retention in construction? Retention in the Construction sector is a sum of money withheld from a payment to a contractor / subcontractor until the contracted project is completed to a satisfactory standard within an agreed time period. This practice will normally start with the main Tier 1 contractor, but will then often cascade […]
In Brief – How to Manage Construction Retention | IE
What is retention in construction? Retention in the Construction sector is a sum of money withheld from a payment to a contractor / subcontractor until the contracted project is completed to a satisfactory standard within an agreed time period. This practice will normally start with the main Tier 1 contractor, but will then often cascade […]
DOWNLOAD – The Contractor’s Guide to Retention in Construction I UK
Complete the form below to download The Contractor’s Guide to Retention Managing retention in construction and how to get it back Research carried out in the UK led to an estimation that the total sum retained over the course of a given year is substantial; £3.2 billion – £5.9 billion (Department for Business, Energy […]
DOWNLOAD – The Contractor’s Guide to Retention in Construction | IE
Complete the form below to download the eGuide Managing retention in construction and how to get it back Research carried out in the UK led to an estimation that the total sum retained over the course of a given year is substantial; £3.2 billion – £5.9 billion (Department for Business, Energy & Industrial Strategy […]
The Future of Retention in the UK Construction Industry I UK
How often do we see an idea or practice introduced as a solution for one problem, only for it to be manipulated and abused until it creates a whole new set of problems? This has certainly been the case for Cash Retentions (often referred to as just ‘Retentions’) in the construction industry. Originally introduced to […]
The Future of Retentions in the Irish Construction Industry | IE
How often do we see an idea or practice introduced as a solution for one problem, only for it to be manipulated and abused until it creates a whole new set of problems? This has certainly been the case for Cash Retentions (often referred to as just ‘Retentions’) in the construction industry. Originally introduced to […]
Advance Payments in Construction – What Are They and How Can They Be Managed? I UK
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
The Business Case for a Digital Approach to Applications For Payment I UK
Construction projects have to be a collaborative effort, with a vast array of skills required to get a project from initial idea to completion. From architects to contractors, suppliers to subcontractors, there is never a sole company able to complete all aspects of a build. All these different individuals and companies working together bring a […]
The Business Case for a Digital Approach to Payment Claims | IE
Construction projects have to be a collaborative effort, with a vast array of skills required to get a project from initial idea to completion. From architects to contractors, suppliers to subcontractors, there is never a sole company able to complete all aspects of a build. All these different individuals and companies working together bring a […]
5 Ways to Save Time and Money by Automating the Application, Approval and Payment Processes I UK
The construction industry is not known for its efficient processes and timely payments. In fact, the opposite can often be said to be true. The industry is naturally complex, with big projects unavoidably including large numbers of people and companies to deliver the end product. Multiple and ongoing negotiations and discussions are par for the […]
5 Ways to Save Time and Money by Automating the Payment claim, Approval and Payment Processes | IE
The construction industry is not known for its efficient processes and timely payments. In fact, the opposite can often be said to be true. The industry is naturally complex, with big projects unavoidably including large numbers of people and companies to deliver the end product. Multiple and ongoing negotiations and discussions are par for the […]
A Review into 2021’s Construction Payment Practices | IE
Construction industry payment practices Payment practices within the construction industry have long been a contentious issue. With late or delayed payments the expected norm, and disputes or reduced payments, due to often spurious claims, exceedingly common, it is a thorny issue for many within the sector. Historically, large companies have been particularly guilty of being […]
A Review into 2021’s Construction Payment Practices I UK
Construction industry payment practices Payment practices within the construction industry have long been a contentious issue. With late or delayed payments the expected norm, and disputes or reduced payments, due to often spurious claims, exceedingly common, it is a thorny issue for many within the sector. Historically, large companies have been particularly guilty of being […]
Advance Payments in Construction – What Are They and How Can They Be Managed? | IE
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
DOWNLOAD – Report – Payment Under the New Government Construction Playbook | IE
Off the back of a webinar with Rob Driscoll (Director of Legal & Business at ECA), this industry report is a ‘must read’ for anyone in construction wanting to understand: The role of the Government’s Construction Playbook in relation to payment expectations and practices. The payment landscape and legislation across the public and private sector supply chain. Digital transformation and […]
DOWNLOAD – Payment Under the New Government Construction Playbook I UK
In today’s fast-changing construction environment, understanding payment expectations and compliance is critical for maintaining cash flow and building strong supply chain relationships. With increasing emphasis on transparency and efficiency, businesses that fail to adapt risk falling behind. Off the back of a webinar with Rob Driscoll (Director of Legal & Business at ECA), this industry report is a ‘must read’ […]
WATCH – Webinar Recording – Payment Under the NEW Government Construction Playbook | UK
‘Payment under the NEW Government Construction Playbook – What’s the reality for contractors?’ The Playbook sets some very clear expectations for contractors when it comes to payment practices in the construction sector. As well as increasing its requirement for public sector suppliers to prove they pay 85% of their invoices within 60 days, the Playbook […]
WATCH – Webinar Recording – Payment Under the NEW Government Construction Playbook | IE
‘Payment under the NEW Government Construction Playbook – What’s the reality for contractors?’ The Playbook sets some very clear expectations for contractors when it comes to payment practices. As well as increasing its requirement for public sector suppliers to prove they pay 85% of their invoices within 60 days, the Playbook makes it clear that […]
WATCH – Payment Claims … Made Easy | IE
2 Steps: 1. Watch our 2-minute explainer video 2. Request a demo – complete the form below to discover for yourself why Payapps is construction’s market-leading solution for managing payment claims and contract variations.
WATCH – Applications for Payment … Made Easy I UK
2 Steps: 1. Watch our 90-second explainer video 2. Request a demo – complete the form below to discover for yourself why Payapps is construction’s market-leading solution for managing applications for payment and contract variations.
Late Payments in Construction – The Supply Chain Domino Effect | IE
Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem? The UK construction industry is a major contributor to the UK economy, with £103 billion in economic output in 2014, 6.5% of the total. In 2015, 2.1 million jobs or 6.2% of the UK total […]
5 Signs That Your Construction Business is at Risk from Poor Payment Processes I UK
Healthy cash flow in construction depends on efficient and accurate payment processes The UK construction industry is highly fragmented – in fact, the average project has 70 subcontract packages. This means, on average, 50-75% of a project’s cost is dispersed throughout the supply chain. As a result, the payment processes underpinning relationships between clients, contractors and […]
5 Signs That Your Construction Business is at Risk from Poor Payment Processes
Healthy cash flow in construction depends on efficient and accurate payment processes The UK construction industry is highly fragmented – in fact, the average project has 70 subcontract packages. This means, on average, 50-75% of a project’s cost is dispersed throughout the supply chain. As a result, the payment processes underpinning relationships between clients, contractors and […]
Late Payments in Construction – The Supply Chain Domino Effect I UK
Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem? The UK construction industry is a major contributor to the UK economy, with £103 billion in economic output in 2014, 6.5% of the total. In 2015, 2.1 million jobs or 6.2% of the UK total […]
Project Bank Accounts – Are Your Payment Processes Up to the Job? | IE
Project Bank Accounts (PBAs) are now at the forefront of efforts to speed up the payment process for construction SMEs. With the Scottish Government the latest body to adopt their use, what do you need to know about this important development? Efforts to speed up payments in the construction industry have received a significant boost […]
Project Bank Accounts – Are Your Payment Processes Up to the Job? I UK
Project Bank Accounts (PBAs) are now at the forefront of efforts to speed up the payment process for construction SMEs. With the Scottish Government the latest body to adopt their use, what do you need to know about this important development? Efforts to speed up payments in the construction industry have received a significant boost […]
Construction Payment Processes – What Can the UK Learn from Australia? | IE
Can the UK construction industry learn from new Australian legislation on payment claim processes? Australia’s got a lot to answer for. Jason Donovan’s music career. Ruining every Ashes summer of the 90s. Walkabout. But it turns out that when it comes to payment claims our Commonwealth cousins have got a few ideas that’ll make life run […]
Construction Payment Processes – What Can the UK Learn from Australia? I UK
Can the UK construction industry learn from new Australian legislation on applications for payment processes? Australia’s got a lot to answer for. Jason Donovan’s music career. Ruining every Ashes summer of the 90s. Walkabout. But it turns out that when it comes to applications for payment our Commonwealth cousins have got a few ideas that’ll make […]
7 Reasons Why 69% of Construction Projects Exceed Their Budgets | IE
Fewer than one in three construction projects come within 10% of budget. Consider these 7 reasons why yours might be overspending The run-up to an Olympic Games or World Cup wouldn’t be complete without headlines screaming about the soaring cost of building work. London 2012 overspent by 76%, Sochi 2014 by an eye-watering 289% and the […]
Step Away from Excel! Could Spreadsheets Be Reducing Your Construction Margins? I UK
Over-reliance on spreadsheets and paper could be slowing down your construction procedures and eating into your profit margins. With all the uncertainties hanging over the industry – not least the specific funding, labour and trading challenges that Brexit poses – companies can’t afford to work with inefficient construction procedures that swallow up skilled staff and […]
7 Reasons Why 69% of Construction Projects Exceed Their Budgets I UK
Fewer than one in three construction projects come within 10% of budget. Consider these 7 reasons why yours might be overspending The run-up to an Olympic Games or World Cup wouldn’t be complete without headlines screaming about the soaring cost of building work. London 2012 overspent by 76%, Sochi 2014 by an eye-watering 289% and the […]
Step Away from Excel! Could Spreadsheets Be Reducing Your Construction Margins? | IE
Over-reliance on spreadsheets and paper could be slowing down your construction procedures and eating into your profit margins With all the uncertainties hanging over the industry – not least the specific funding, labour and trading challenges that Brexit poses – companies can’t afford to work with inefficient construction procedures that swallow up skilled staff and […]
Do Construction Companies Deliberately Pay Late? Opening Up the Benefits of Timely Payments I UK
Are late payments in construction really inevitable, or is there a solution out there that helps everyone win? ABBA got it right. Money, money money. That’s what the construction business is all about – and everyone knows it. From the boardrooms where directors of the largest multinationals point at ominous graphs, to site offices where […]
Do Construction Companies Deliberately Pay Late? Opening Up the Benefits of Timely Payments | IE
Are late payments in construction really inevitable, or is there a solution out there that helps everyone win? ABBA got it right. Money, money money. That’s what the construction business is all about – and everyone knows it. From the boardrooms where directors of the largest multinationals point at ominous graphs, to site offices where […]
How to Reduce the Risk of Payment Disputes: Automate Your Payment Claim Processes | IE
Turbo-charging the payment claim process is not just great for subcontractor relationships, it tackles the scourge of payment disputes in the construction sector. Would you take on £16,000 worth of unpaid work every year? As charitable as this sounds, it’s not going to get the mortgage or bills paid. But that’s the sum every UK […]
How to Reduce the Risk of Payment Disputes: Automate Your Payment Application Processes I UK
Turbo-charging the application for payment process is not just great for subcontractor relationships, it tackles the scourge of payment disputes in the construction sector. Would you take on £16,000 worth of unpaid work every year? As charitable as this sounds, it’s not going to get the mortgage or bills paid. But that’s the sum every […]
Digitising the Supply Chain Payment Process | IE
To many in the construction industry, late payment is a necessary evil. We almost take it for granted that some companies will insist on long payment periods in an attempt to bolster their own cash flow position. As we covered in the last (blog), cash is king. But what is not commonly understood, is that […]
Digitising the Supply Chain Payment Process I UK
To many in the construction industry, late payment is a necessary evil. We almost take it for granted that some companies will insist on long payment periods in an attempt to bolster their own cash flow position. As we covered in the last (blog), cash is king. But what is not commonly understood, is that […]
Construction News and Payapps Partner to Debate the Issue of Late Payment in Construction | IE
Late payment, delayed payment, and payment practices, in general, have long been a barrier to growth for the UK Construction industry. Efforts to solve this endemic issue stretch back over 25 years, yet the industry is still struggling to solve this critical challenge. Fill in the form below to read the full report. That’s […]
Construction News and Payapps Debate Late Payments in Construction I UK
Late payment, delayed payment, and payment practices, in general, have long been a barrier to growth for the UK Construction industry. Efforts to solve this endemic issue stretch back over 25 years, yet the industry is still struggling to solve this critical challenge. That’s not for the want of trying, however. In a recent paper […]
Managing the Construction Payment Process: Applications for Payment, Payment Notices and the Construction Act I UK
Payment has long been one of the most contentious issues in the Construction Industry, so much so in fact, that in 1998 the ‘Housing Grants, Construction and Regeneration Act’ (commonly known as ‘The Construction Act’) was passed, and subsequently revised in 2011 to help contractors gain certainty and control in an area often fraught with […]
Project Bank Accounts – Is 2019 The Year They Are Finally Adopted?
Nothing’s ever moved quickly in the world of construction, but recently you get the feeling that with payment practices, we are on the cusp of change and PBAs (Project Bank Accounts) are leading the charge. What is a project bank account(PBA)? These are ring-fenced bank accounts that allow for payments to be made directly and […]
Project Bank Accounts – Is 2019 The Year They Are Finally Adopted?
Nothing’s ever moved quickly in the world of construction, but recently you get the feeling that with payment practices, we are on the cusp of change and PBAs (Project Bank Accounts) are leading the charge. What is a project bank account(PBA)? These are ring-fenced bank accounts that allow for payments to be made directly and […]
The State of Payment in 2019 – Where Are We Now? | IE
Back In 2015, Construction News conducted a survey to understand the current state of payment in the construction industry, in which 35.8% of respondents said their average wait for payment was more than 60 days after an invoice was raised. That statistic should be alarming enough, however, very worryingly, 85% admitted to occasionally paying more than 75 […]