Early payment demand increases 12% despite construction slowdown. Earlytrade Supply Chain Scorecard March 2023 Quarter

Earlytrade data suggests that the “perfect storm” of persistent labour shortages, supply chain pressures and interest rate rises caused a further slowdown in Australia’s construction industry during the March quarter of 2023.

Supply Chain Scorecard
May 8, 2023
1 Min Read

In the latest Earlytrade Supply Chain Scorecard, the data is showing that the “perfect storm” of persistent labour shortages, supply chain pressures and interest rate rises caused a further slowdown in Australia’s construction industry during the March quarter of 2023.

Key call outs:

  • Construction claims fell by 4% during the March quarter, suggesting further slowing in construction activity
  • Despite this, early payment requests from subcontractors increased by 12%, defying seasonal cyclicality
  • The proportion of claims being brought forward by subcontractors increased by 14%
  • There are green shoots for the sector as supply constraints and inflationary pressures abate. The RLB Tender Price Index is moderating to 4% for 2023
Download the full report