The Construction Industry Collective Voice (CICV) has followed up the results of its recent payments survey by issuing a new Best Practice Guide to help contractors and sub-contractors improve cashflow and prevent costly and damaging disputes.
Compiled by more than a dozen industry experts, the in-depth guide offers a wealth of practical information, demonstrating how to take control and proactively deal with a range of issues to enhance the entire contractual chain.
As part of its mission to improve the sector, the open source publication is being supported by an upcoming webinar – on Friday, March 3 – that will see experts from the CICV talk through the guide and offer further insights into preventing financial disagreements.
Both resources have been produced in response to last week’s CICV survey on payment and cashflow issues in the industry in Scotland, which revealed that businesses are still suffering the scourge of late payments, outstanding retentions and unexpected charges.
Industry consultant Len Bunton, who is chair of the CICV Pipeline and Commercial sub-group, said: “Following the recent CICV survey, we concluded that the contracting supply chain needed some guidance on improving the commercial management of projects.
“Our highly-experienced contributors have walked through the construction process, giving their best recommendations on how to do things better day-to-day. A lot of the problems we deal with are self-inflicted, so we have gone back to the basics of improving the way in which commercial activities are carried out.”
