Today’s episode is slightly different from our usual format, we’re bringing you a special recording of a webinar I hosted with Causeway Technology, featuring Philip King - more on Philip later.

In this session, we dive into the Fair Payment Code, a crucial topic for the construction industry.

Late payments have long been a challenge in the sector, and ensuring fair, transparent, and timely payments is more important than ever. But here’s the thing, compliance with the code isn’t just about policy and best practice. Technology plays a huge role in making fair payment a reality, streamlining processes, and ensuring businesses get paid on time.

Let’s get into it!

Late payments have been a persistent issue in the UK construction industry, creating cash flow problems, delaying projects, and putting undue pressure on suppliers. With increasing scrutiny on payment practices, the introduction of the Fair Payment Code (FPC) is designed to drive positive change, promoting transparency, accountability, and efficiency across supply chains.

But what does the Fair Payment Code mean in practice? How can construction firms ensure compliance, and what are the benefits of achieving a Fair Payment Code Award?

We’re joined by Philip King, former CEO of the Chartered Institute of Credit Management and Causeway Cashflow Consultant, to explore the ins and outs of the Fair Payment Code. We’ll break down how the framework works, what businesses need to do to meet the criteria, and the competitive advantages that come with compliance.

Here's what you need to know and will find out in this episode:

- From Prompt Payment to Fair Payment – How does the FPC differ, and why was it introduced?

- The Awarding Levels Explained – What do Bronze, Silver, and Gold accreditation mean for your business?

- The Road to Compliance – What documentation and processes are required to apply?

- Clear, Fair & Collaborative – The three core principles and how they are measured.

- Overcoming Barriers – Common challenges in achieving FPC status and how to tackle them.

Links

Adobe Express 30-day Free Trial: https://prf.hn/l/ZYdd028

Website: https://www.builddifferent.marketing/

Linktree: https://linktr.ee/builddifferent

Further Links

https://www.smallbusinesscommissioner.gov.uk/fpc/

Webinar Video: https://campaign.causeway.com/ondemand/fair-payment-code-fpc