Late payment remains a persistent issue in the construction industry, affecting both private and public contracts. The long, interconnected supply chain, power imbalances, and disputes over quality contribute to delayed payments, which can heavily impact SMEs and crafts in the sector.
EBC calls for a zero-tolerance policy on late payments and advocates for stronger enforcement of late payment regulations, protecting SMEs from the cash flow disruptions that hinder their operations.
Economy
EBC joined the EU Payment Observatory Stakeholder Forum on 12 May to discuss recent developments in payment behaviour and transparency in commercial transactions with representatives from Member States and sectoral...
Economy
On 6 February, the CJEU ruled that payment terms over 60 days are only valid if explicitly agreed upon by both parties. EBC welcomes the decision and calls for stronger...
Economy
On 14 January, the European Commission’s EU Payment Observatory published its Annual Report 2024, a comprehensive analysis of the main trends and developments in payment performance related to commercial transactions in...
Economy
In light of the vote in the Internal Market Committee of the European Parliament (IMCO) that took place last week, EBC takes note of the efforts of conciliation of Rapporteur...
Economy
Yesterday, the European Commission has taken a significant step towards addressing the challenges faced by small and medium-sized enterprises (SMEs) and crafts in the construction sector by proposing ...
Economy
In the context of the ongoing discussion on the revision of Directive 2011/7 on combating Late Payment, the employers’ organisations PIMEC (Catalonia) and Confartigianato Imprese (Italy), members of...
