INDUSTRY UPDATE NEWS
The Construction Industry Training Board (CITB) has appointed five new trustees to its board – all of whom will serve a four- year term. The trustees are: Rachael Cunningham, Preconstruction & Bid Lead at Laing O’Rourke CITB appoints new board trustees
Nikki Davis, Principal And Chief Executive of Leeds College of Building Stephen Gray, Head Of Engineering Development at Bam Nuttall Julia Heap, Principal
Government enforces 55-day payment rule
And Chief Executive of Hopwood Hall College in Rochdale Herman Kok, Company Secretary at Lindum Group The trustees help to ensure the organisation meets its objectives and honours its commitments to the construction industry. CITB Chair, Peter Lauener, said the five new trustees “bring great experience to the board across both industry and further education”. Lauener added: “They will bring new ideas and will strengthen CITB’s ability to achieve our core purpose, which is to support the construction industry to have a skilled, competent, and inclusive workforce, now and in the future.”
T he Government has enforced its new rule mandating that any contractors bidding for public works contracts worth more than £5 million must show proof that they pay all invoices within 55 days. Failure to do so may result in a public work ban. The new, stricter payment rules, which came into force on 1 April this year, require firms to demonstrate that they pay 95 per cent of invoices within 60 days, and all invoices within an average of 55 days. In April 2025, the prompt payment rules will be made even stricter, requiring payment of invoices within an average of 45 days, falling to 30 days in following years. Contractors still need to pay invoices for public sector work within 30 days, as set out in the Prompt Payment Code.
Additionally, reporting on retention repayments will come into effect in April 2025, requiring main contractors and clients to report the following: the average number of days to make retention payments, after practical completion and end of contractual defects liability period; the percentage of retention payments made within the reporting period, which were paid in 30 days or fewer, between 31 and 60 days, and 61 days or more; the percentage of retention payments due within the reporting period that were not paid within the agreed payment period; and an average value of retention held per construction contract (percentage of contract value).
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