Customers taking longer to pay contractors after pandemic, says Lloyds research

By Daniel Gayne2022-03-18T07:00:00

Source: Shutterstock

More than a quarter say customers take more than 30 days to settle invoices

The coronavirus pandemic exacerbated late payments in construction according to research by Lloyds Bank Commercial Banking.

A survey of companies found that of those contractors that had seen a change in customer behaviour since the beginning of the pandemic, more than two-thirds had experienced slower payments.

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