Articles and Events

Non or late payment of contractors hurting construction industry

The health of the construction industry has deteriorated due, in part, to main contractors delaying payment or defaulting on payment to sub contractors. The Master Builders Association North has called on the industry to engage in dialogue to address the issue. Enwee Human, contract & legal manager at Master Builders Association North speaks to Classic Business
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Non payment bedevils construction sector

Steady construction work is vital for the survival of subcontractors. THE LACK OF construction work is threatening the survival of sub-contractors, many of them black-owned. Sub-contractors were also suffering financially, because of non payment or payment delays by main contractors. Mohau Mphomela, the executive director of the Master Builders Association (MBA) North, said the entire
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Non payment is destroying the construction sector

The lack of construction work is threatening the survival of sub-contractors, many of them black-owned. Sub-contractors were also suffering financially, because of non payment or payment delays by main contractors. Mohau Mphomela, the executive director of the Master Builders Association (MBA) North, said the entire construction industry was suffering from a lack of investment and
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Lack of payment killing business

The trend of main contractors failing or delaying to pay their subcontractors contributes to the deterioration of the health of the construction industry. The Master Builders Association (MBA) North has therefore called on industry players to enter into a dialogue to address the issue or risk more job losses and bankruptcy. This could be demonstrated
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Construction industry must address non-payment of sub-contractors

The Master Builders Association (MBA) North says that the continuing trend of main contractors delaying payment of their sub-contractors – or defaulting altogether – is a symptom of the deteriorating health of the construction industry. The MBA is calling on industry players to enter into a dialogue to address the issue or risk more job
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Is it all doom and gloom for the ailing construction industry?

CNBC Africa speaks to various industry role players, discussing if its all doom and gloom for the construction industry. Source: CNBC Africa
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