Jurisdiction(s):
United Kingdom

Key definition

Factor definition

What does Factor mean? In receivables finance, a factor is the receivables purchaser that provides a factoring facility, buying a supplier’s trade debts (book debts/invoices) and advancing funds, often with credit control, ledger management and collections. The term is descriptive in this context rather than a defined statutory term. A factor typically acquires receivables under a factoring agreement or receivables purchase agreement, on a disclosed or confidential basis, and either with recourse (supplier retains credit risk) or non-recourse (credit risk transfer, often supported by credit insurance or limits). The transfer is effected by assignment/assignation of receivables and related rights, with notice to...

UK Transport Infrastructure Projects: Key Legal, Risk, Procurement and Planning Resources

Published by a LexisNexis Construction expert

Practice notes

Transport projects

This Practice Note provides a concise overview of transport projects and signposts useful materials on the topic available from LexisNexis® and other external sources. Transport plays a vital role in economic and social development at regional, national and international levels...

Initiatives in this field generally demand significant investment and sophisticated infrastructure, and are frequently lengthy, demanding and of notably high value. Transport projects commonly need to align local and/or national infrastructure policies and funding approaches with the commercial aims and expectations of private sector organisations involved in their delivery...

Activities in the transport sector span a wide range of modes and related infrastructure, including:

roads—road widening, toll roads, smart motorways, safety improvements, congestion relief
rail (light and heavy)—station upgrades/enhancements, renewing and enhancing rail infrastructure, viaducts, lineside infrastructure
airports and aviation (airside and landside)—terminal construction/enhancement, baggage handling

Together, these areas reflect the breadth and complexity of transport projects and the need to balance public policy and funding priorities with the commercial drivers of participating private sector partners...

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Web page updated on 22/05/2026

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