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<p>The Government takes the issue of prompt payment seriously and respects some of
the differences which prevail in the construction industry. We are taking a number
of steps, including promoting project bank accounts, through Government procurement.
More widely, the Industrial Strategy for Construction committed to developing a construction
supply chain payment charter, which was published on 22 April. The Charter sets out
11 “Fair Payment Commitments” including a commitment to reduce payment terms to a
supply chain to 30 days from January 2018. The Leadership Council will encourage construction
businesses from across the whole supply chain to comply with it.</p><p> </p><p> </p><p>
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