Show me the money

摘要

On 30 july 1993, building wrote this in an editorial: "What is the corporate point of an organisation that is so financially weak that it cannot afford to pay its suppliers before receiving the cash from the client?" This statement goes to the heart of the industry's dysfunctional financing structure. The industry is still funded from the bottom upwards with ever-lengthening payment periods and greater exposure than ever to insolvency risks upstream.