CIMIC's UGL stretches out bill payments to 65 days

Engineering group UGL, which is working on Melbourne's Metro Trains and Brisbane's Cross River Rail projects, has told suppliers materials and services that it will delay paying their bills by at least two months. The delay by UGL, which specialises...

Bank of Queensland partners Octet on supply chain financing

Octet’s technology-driven finance offering has secured a partnership agreement to provide B2B supply chain finance products to the Bank of Queensland. In the first phase of this arrangement, Bank of Queensland will transfer its existing debtor...