The Construction Leadership Council has published its Construction Supply Chain Payment Charter (CSCPC) again, with some minor changes. Although the charter remains largely the same, the key changes are:
- The original charter required payment within 60 days, reducing to 45 days in June 2015. The updated charter now removes references to 60-day payment.
- The original charter required parties to use project bank accounts (PBA) on central government contracts unless there were “compelling reasons” not to do so, and on other contracts “where appropriate”. The updated charter now requires signatories to use a PBA on central government contracts “where specified by the client”.
- The updated charter confirms that approved signatories can use the CSCPC logo in their literature.
The charter was originally published in April 2014, and there was scepticism about its prospects for improving payment practices in the construction industry. It is not clear whether it has delivered this.