Shall we get down to a sheet anchor truth? There isn't much profit in this business of building; and the paying of bills gets done when the bloke at the top of the pile decides to pay; then the next one pays the next one down and so on ad infinitum. Whatever the gurus, glitterati, or the chattering classes say, "pay when paid" was not demolished, not ousted, and not condemned by the Construction Act. It was supposed to be. It gets ignored. And one more thing: I am impressed by the genius invention of the parallel loan agreement. It's a pay when paid "get-a-rounder".
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