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Insider UK
Insider UK
Business
Peter A Walker

Scottish construction industry 'still blighted by serious cashflow issues'

Construction businesses in Scotland are still suffering from late payments, outstanding retentions and unexpected charges.

That's according to a new survey by the Construction Industry Collective Voice (CICV), which revealed that 68% of respondents said their payment terms were altered negatively, with 60% claiming adjustments were made with little or no explanation.

A further 69% of those surveyed said the time and cost of chasing outstanding money was their most significant problem when it came to payment.

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