Just nine members of the UK Contractors Group (UKCG) are still choosing not to commit to the government-backed Prompt Payment Code after Midas and Seddon opted to back the voluntary initiative.
Midas and Seddon both signed the code last month, more than a year after the government asked Tier One contractors to support the scheme.
The Prompt Payment Code is administered by the Institute of Credit Management on behalf of the Department for Business, Innovation & Skills (BIS).
Code signatories undertake to:
1. Pay suppliers on time
2. Give clear guidance to suppliers
3. Encourage good practice
The nine UKCG members that have still not signed the Prompt Payment Code are:
See the full list of signatories on the Prompt Payment Code website.