I am glad to hear my hon. Friend speaking in this way. Is he also aware that subcontractors often find it difficult to get credit insurance against that eventuality, so they are subject to the market strength exerted by the superior contractor? When the ultimate client goes bust, being subject to pay-when-paid contracts puts them in a very difficult position in what is already a recession. Will my hon. Friend lead on to some policy changes that he might support, perhaps when in government, in order to remedy the situation?
Local Democracy, Economic Development and Construction Bill [Lords]
Proceeding contribution from
David Heathcoat-Amory
(Conservative)
in the House of Commons on Tuesday, 13 October 2009.
It occurred during Debate on bills on Local Democracy, Economic Development and Construction Bill [Lords].
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497 c175 Session
2008-09Chamber / Committee
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