As part of Debtplacer’s commitment to providing clarity and fairness in the way that small and medium businesses are paid, the Financial Review asked Debtplacer to provide commentary on the latest data published by the Payment Times Reporting Regulator.
The second edition of the Debtplacer Construction Payment Times Report takes a detailed look at the industry payment data for the 2nd half of 2021 and the changing trends from the 1st half across states, sub-categories and best and worst performing companies within the construction industry. In the wake of some high-profile construction industry collapses, Debtplacer provided an objective overview for relevant SMEs in the category.
The data that has been published by the Payment Times Reporting Regulator details firms’ payment practices and how they pay their small business creditors.
With tightening cashflow representing one of the biggest challenges in keeping employees and suppliers paid on time, Debtplacer has compiled the below report to enable businesses to make more informed decisions when it comes to industry benchmarking and best practice debtor management.