Construction firms prove the poorest paymasters in 1Q17

Michelle Zhu Published on Tue, Apr 04, 2017 / 4:35 PM GMT+8

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SINGAPORE (April 4): Singapore’s firms turned in a mixed payment performance for the first quarter of 2017, with improvements seen in manufacturing and retail sectors while the construction industry’s payment performance continues to decline, according to statistics from the Singapore Commercial Credit Bureau (SCCB).

The latest data is drawn from over 1.6 million payment transactions of local firms operating through the SCCB, which are monitored and subsequently compiled by Dun & Bradstreet (D&B) Singapore.

Prompt payment is classified as when at least 90% of total bills are paid within the agreed payment terms, while slow payment is classified as when over 50% of total bills are paid later than the agreed credit terms.