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Comment – Payment is NOT optional…

DemolitionNews’ Mark Anthony takes exception to extended payment terms.

Call me old fashioned, but I still hanker for the days when a product or service was sold and then payment was received in a timely manner.

Sadly, we now live in a post-recessionary age in which main contractors and clients boast openly about how they have pushed their payment terms to 45, 60 and even 90 days; an age in which a whole generation of credit controllers now perceive their primary objective to be sitting on cash until a court summons arrives.

And for all the talk of Fair pay schemes, it is the specialist and sub-contractors – those at the bottom of the industry pecking order – that are made to suffer:

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