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Slow payers putting squeeze on suppliers

Nov 13, 2017 - Australian Financial Review

Smaller contractors and building materials companies could face a liquidity crunch if big construction and engineering groups keep delaying payments to suppliers, McGrathNicol has warned.

Construction and engineering companies paid suppliers 10.5 days more slowly in 2016-17 than they did a year earlier, reversing the previous trend of paying suppliers faster, according to the insolvency group's annual working capital survey.

The slowdown comes as companies find it harder to recover o...