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Late payment is preventing construction firms from making the most of London Olympics business opportunities(08/04/2008)
Bibby Financial Services recently carried out some research across the construction industry to identify the key issues for 2008. The most common challenge identified was the issue of late payment and two fifths of firms admitted to spending at least 10hrs a week chasing outstanding payments/bad debt. The late payment problems that have plagued recent high profile construction projects such as the Millennium Dome and Wembley Stadium could be stopping thousands of small businesses in the UK f... [more]
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