This week, Paul is joined by Rudi Klein, the Director at Klein Legal and former chief executive at the Specialist Engineering Contractors (SEC) Group. Rudi was involved in piloting the ‘Construction Act’ through the UK Parliament and originated Section 112 of the Act dealing with the right to suspend construction contracts for non-payment.
Today’s show discusses payment abuse being the industry’s dominant business model and what we can all do to change this. We discuss 120-day payment cycles, the demise of Carillion and other large Main Contractors in the recent past, and we turn to Project Bank Accounts and Retentions to change the status quo.
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