News
20 June 2018

Network Rail mandates 28-day payments and bans retentions

In:
Transport
Region:
Europe

Network Rail has unveiled a raft of changes that will ban tier one contractors from using retentions, and require them to pay suppliers within 28 days of work being carried out. The company will revamp its terms and conditions for all tier one contractors that win work in the £48 billion...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
14 August 2026

Delfin FLNG: Next-level floating liquefaction

Delfin Midstream has assembled more than $5bn of strategic equity, bank debt, private credit and secured notes for the first offshore floating LNG export facility in the US....

Perspective
18 August 2026

Northland Expressway 1: New Zealand’s return to PPPs

Acciona and Aberdeen have closed on what is likely the largest PPP to date in New Zealand transport to date. The deal marks a potential revival in the use of PPP in New...