During the course of the last few weeks, Len has received significant communication from FIS members. Here he higglights various challenges and potential solutions. A key resource recommended is the CICV Best Practice Guide (BPG), which offers valuable insights for addressing payment and cash flow issues. Implementing the Guide’s recommendations, including incorporating Payment Schedules into contracts, can greatly mitigate potential disputes.

These schedules clearly outline submission and payment deadlines, ensuring adherence is crucial to avoid complications later on. Detailed applications for payment, supported by comprehensive documentation, are also stressed in the BPG to facilitate smooth processes.

Regular engagement with contractors and clients post-submission is advised to address any concerns promptly. By following these guidelines diligently, businesses can safeguard their commercial interests effectively.

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