Construction late payment worsening says Data firm

Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms were paid late last year analysis has found.
The proportion of late invoices “significantly increased” to 52.9 per cent across the sector in 2022, a rise of 13 per cent compared with 2021.
Data company Creditsafe looked at 21 sectors and found that only two other sectors performed worse. These being water and waste at 58 per cent