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.'

World Refrigeration Day

Industry has embraced the inaugural World Refrigeration Day (WRD) with events happening all over the world....


How to install HVAC wall sensors?

In a series of three blog posts, learn how to avoid the most common pitfalls when installing HVAC sensors focusing on physical measurement errors that are caused by incorrect installation...


New Zanotti GM Wall Mounted Monoblock

AFR Refrigeration Ltd introduces the new GM range of through wall mounted monoblocks with refreshed modern appearance and upgraded touch style control panel keypad.
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News



Air Pro Ltd., an Authorized Dealer of Toshiba Air Conditioning, is a progressive HVAC, Sheet Metal and Refrigeration Company that is seeking an ambitious, hardworking and innovative HVAC SENIOR SERVICE TECHNICIAN to join the team in BERMUDA....


Asercom annual general assembly
ASHRAE Winter Conference
Endo Enterprises "Reduce Heating Bills by up to 15%" Ben Salon
Institute of Refrigeration Annual Dinner