Four tips for managing Christmas payment claims

Christmas leave and shut-down periods can pose significant challenges to businesses in managing the risk of payment claims under the Building and Construction Industry Payments Act 2004 (BCIPA). Although the BCIPA provides some respite over this period, companies may still be exposed where managers and employees are on leave and adequate arrangements are not put in place to manage the risk of payment claims over the holidays.

It is an increasingly common tactic of claimants to 'ambush' respondents at this time of year, when a lack of resources due to holidays can lead to payment claims going unnoticed.

You should implement the following strategies over the Christmas period to best protect against 'ambush tactics' and secure your business' cash flow.