Construction Debt Recovery — Applications for Payment, Pay Less Notices, and Timelines Explained

Late or disputed payments can cripple a project’s cash flow. In this episode of Debt Matters, we break down exactly how to stay compliant and get paid on time in UK construction. You will learn how to structure clear Applications for Payment, the difference between interim and final applications, what a valid Payment Notice must include, and when a Pay Less Notice can be issued.

We map the typical timeline from Application Date to Due Date and Final Date for Payment, highlight the most common mistakes that lead to non-payment, and share a practical playbook for escalating matters without burning relationships.

Take away a simple checklist you can apply today: evidence to attach, wording to use, diary dates to track, reminder cadence, when to issue a Notice of Intention to Suspend, and when to move to adjudication or third-party collections. Whether you are a main contractor, subcontractor, QS, or finance controller, this guide will help you protect margin, reduce DSO, and keep projects moving.

#DebtMatters #TaurusCollections #Construction #ConstructionLaw #UKConstruction #CashFlow #CreditControl #ApplicationsForPayment #PayLessNotice #Adjudication #DSO #DebtRecovery

In this episode of Debt Matters, we break down Part 1 of the Late Payment of Commercial Debts (Interest) Act 1998 - what it is, when it applies, and how it helps UK businesses protect cash flow.

You’ll learn which transactions qualify (business-to-business and public sector), when an invoice legally becomes “late”, and the rights you have to add simple statutory interest (set by law at the Bank of England base rate plus 8%) and a fixed compensation fee.

We also flag common contract pitfalls (like “substantial remedy” clauses) and where this law sits alongside your existing credit control steps. Stay tuned for Parts 2 and 3, where we’ll show exactly how to calculate interest and fixed-fee compensation with worked examples and how to build these rules into your collections workflow.

#DebtMatters #LatePaymentAct #UKBusiness #CashFlow #CreditControl #B2B #AccountsReceivable #SMEs #InvoiceManagement #StatutoryInterest

Disputed invoices don’t have to drain cashflow or goodwill. In this episode, we walk through Taurus Collections’ practical resolution flowchart designed for UK businesses: four clear phases triage, investigate, negotiate and close mapped to a 12-step process you can apply immediately. You’ll hear how to log and acknowledge a dispute within 1 business day, gather and test evidence against the contract and PO, decide liability, and document a remedy (from credit notes to staged payments) with firm deadlines.

We also cover when and how to escalate proportionately issuing a compliant letter of claim, applying statutory interest and compensation under the Late Payment of Commercial Debts legislation, and, if needed, using MCOL or instructing solicitors while keeping everything professional and well-evidenced.

Plus, we highlight ready-to-use email templates that keep your team consistent and your DSO down. Listen in and turn disputed invoices into resolved ones.

#DebtRecovery #DisputedInvoices #CreditControl #Cashflow #UKBusiness #B2B #LatePayment #CommercialDebt #SmallBusinessUK #Invoicing #AccountsReceivable #Collections