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CEEC Research: Overdue claims in construction industry account for 20%

A total of 20.5% of claims in the construction sector are overdue, according to the quarterly analysis of the Czech construction sector (Q4/2014) prepared by CEEC Research in co-operation with KPMG CR. Insolvency caused by investors is thus passed over to building contractors and in many cases also to subcontractors. The main causes of the bad payment morale in the construction sector include the lacking funds of investors and secondary insolvency, the analysis suggests.

Source: www.cianews.cz