The coronavirus pandemic has hit construction projects across the UK. At the end of last month '65% of UK’s construction value was shut down'. Construction activity fell to a near 11-year low in March. April will be worse. Many companies are suffering. Aggregate Industries is likely to be one of them.
Construction companies have, however, been urged not to delay payments to suppliers. Companies that do so – warns this article – should remember one thing: what goes around, comes around:
COVID-19: firms ‘risking reputations’ over payment delays https://t.co/Iw6Qu31c6S— Construction News (@CNplus) April 9, 2020
The co-chair of the Construction Leadership Council warned:
We are clear that all construction businesses should continue to pay in accordance with agreed contractual terms. Similarly, firms should not be threatening to invoke penalty or other contractual clauses, when it should be the priority of all clients and firms to sustain the industry. Our actions at this time will be remembered. All firms should think hard about how their reputation could be damaged by not doing the right thing.
Is Aggregate Industries doing the right thing?
@AggregateUK please could you tell me if the accounts team are paying invoices as our December invoices have not been paid and I cannot speak to anyone? We need this money in urgently.— vickywalker (@vicky141272) April 8, 2020
@AggregateUK could you tell me if the accounts team are paying invoices as our payment scheduled for April 3rd has not been paid and I cannot get to speak to anyone?— Kevin Roberts (@KevinRoberts76) April 14, 2020
