The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry.
The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.
The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.
The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.
If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.
Here are some specific benefits of listening to the Construction Cashflow Podcast:
If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.
Hosted on Acast. See acast.com/privacy for more information.
The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry.
The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.
The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.
The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.
If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.
Here are some specific benefits of listening to the Construction Cashflow Podcast:
If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.
Hosted on Acast. See acast.com/privacy for more information.
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- Welcome listeners to a new episode of The Construction Cashflow Podcast.
- Today, we're peeling back the layers of Chancellor Jeremy Hunt's Autumn Statement, focusing on the 55-day payment term for government contracts.
- Pose a thought-provoking question: “Is this just a 'wishy-washy' approach by the government, or a step towards real change in the construction industry?”
Key Themes:
1. The 55-Day Payment Rule: More Than Meets the Eye?
- Chancellor Hunt announces a new rule: Companies bidding for government projects over £5m must prove they pay invoices within 55 days.
- Discuss the potential impact of this rule on larger versus smaller contractors.
- Question the real effectiveness of this policy in addressing late payment issues.
2. The Reality of Cash Farming in Construction
- Highlight how some larger contractors might use extended payment terms strategically.
- Examine the fine line between managing investments and maintaining ethical payment practices.
- Reflect on the potential consequences for smaller businesses in the supply chain.
3. Invoice Dates Versus Contract Dates: A Critical Oversight?
- Delve into the discrepancy between focusing on invoice dates instead of actual contract dates.
- Explore how this focus might disadvantage smaller trades that rely on regular cash flow.
- Debate why the Chancellor’s statement might miss addressing this crucial aspect.
4. Navigating Late Payments: Strategies for Contractors
- Offer practical advice for contractors on how to safeguard against late payments.
- Discuss the importance of understanding contract terms and effective financial planning.
- Encourage contractors to proactively manage their invoicing and payment follow-ups.
5. Critique of the Chancellor's Statement:
- Challenge the limited scope of the 55-day rule and its effectiveness for smaller contracts.
- Question the lack of a more robust legislative approach to ensure fair payment practices.
- Criticise the statement for not covering contracts under £5m, potentially overlooking a significant part of the industry.
Hosted on Acast. See acast.com/privacy for more information.