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News Release from: Federation of Master Builders (FMB) | Subject: Cuts in payments to suppliers
Edited by the Buildingtalk Editorial
Team on 18 January 2008
Cuts in payments to suppliers condemned
by FMB
Taylor Wimpey and Barratt's decision to cut payments to their subcontractors and suppliers by as much as 5% is nothing short of scandalous, says the Federation of Master Builders.
Cuts in Payments to Suppliers Condemned by the Federation of Master Builders Taylor Wimpey and Barratt's decision to cut payments to their subcontractors and suppliers by as much as 5% is nothing short of scandalous, says the Federation of Master Builders (FMB)
This article was originally published on Buildingtalk on 27 Jun 2003 at 8.00am (UK)
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The cut in payments has been introduced by the major contractors because of claims about the economic downturn for the house building industry.
Brian Berry, Director of External Affairs at the FMB says, "It is totally unacceptable for major contractors to treat subcontractors and suppliers with this amount of contempt".
"We will be looking at the legality of these decisions and championing a united response from the SME sector".
"These decisions by major contractors make a nonsense of all the talk about partnering and the respect for people agenda".
"It just shows that when push comes to shove it is the SMEs who get shafted".
Berry concluded, "We will fight this action tooth and nail.".
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