The British Property Federation (BPF) has, through its Construction Committee, developed voluntary guidelines that all BPF members are encouraged to adopt in their approach to payment.
A fair and transparent approach to payment is essential for ensuring a successful construction industry. The Charter sets out a number of important areas where construction clients are well placed to drive up standards, including mechanisms to cascade fair payment down the supply chain and approaches to demonstrate transparency of payment terms.
More information can be found here.