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10Feb94 UK: GOVT TO TAKE FIRST STEP IN PAY REMEDY.

The Government is set to take the first step towards implementing its pledge to stamp out late payment in construction.Later this month it will introduce a prompt payment clause into the main contract used on public projects. The new version, GC Works 1, is expected to specify that clients must make payments to main contractors within 30 days to start at the end of each month of the contract.Subcontractors can expect payment within similar periods.Rudi Klein, chief executive of the ...

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