Know what you want? Try our 'Supplier Directory' 

FMB says new fair payment rules will help SMEs

According to the Federation of Master Builders (FMB), the Government's new fair payment rules will make a real difference to construction SMEs by helping finance flow down through the supply chain.
Chief executive of the FMB, Brian Berry, said: 'The Government's new approach to ensuring 30-day payment becomes a reality throughout the supply chain on public sector contracts is a particular bright spot within the plethora of recent announcements on support for small business. The FMB has been calling on central and local government to mandate fair payment throughout the supply chain for some time, and it's highly encouraging to see that Ministers are listening.'

He continued: 'Most small construction firms would be financially ruined if they had to wait as long as 120 days for payment, which is why many do not even attempt to form part of the supply chain for public-sector contracts. This has been one of the major barriers to increasing engagement by SMEs in public procurement, so it's great news that assertive action has now been taken.'

'The FMB is also working closely with government on a new Fair Payment Charter, which will contain even more measures to help speed up the flow of finance and ensure all parts of the supply chain can benefit from the public sector as a responsible client.'

Mr Berry concluded: 'Overall it's very positive that the Government is prioritising support for small businesses and not just paying lip service to their plight. We hope this can help sustain a strong recovery in the SME construction sector into 2014 and beyond.'

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...


Carrier offers new CPDs on chiller efficiency

? Carrier is offering three new Continuous Professional Development (CPD) courses focusing on chiller efficiency and compliance in relation to the latest European and UK regulations....


Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News


10th IIR Conference on Compressors and Refrigerants
Mostra Covegno Expocomfort
HRS 2020 Exhibition
14th IIR-Gustav Lorentzen Conference on Natural Refrigerants