No Build UK main contractor members pay bills within 30 days

Grant Prior 6 years ago
Share

Not one major contractor member of Build UK pays supply chain invoices within an average of 30 days.

The trade body has published details of the payment performance of 24 of its main contractor members as new government transparency rules come into force.

The quickest payer is Willmott Dixon with an average of 33 days to settle bills.

Bottom of the league is Murphy Group with an average of 66 days.

Build UK members payment performance
Company Name Average payment time
(Days)
% of invoices not paid
within terms
Willmott Dixon 33 8
Canary Wharf Contractors 34 8
VolkerWessels 35 19
Bouygues 40 31
AECOM 40 52
Skanska 41 11
ISG 42 48
Multiplex 43 47
Wates 44 62
Seddon 44 7
Morgan Sindall 44 24
Mace 45 43
BAM Construct 45 49
Keltbray 47 11
Galliford Try 47 26
Sir Robert McAlpine 49 70
Interserve 50 83
William Hare 51 29
Vinci 52 36
John Sisk & Son 52 64
Kier 54 48
Balfour Beatty 54 54
Engie 61 1
Murphy Group 66 66

 

Build UK and some of its members are signatories to the Construction Supply Chain Payment Charter which aims to enforce standard payment terms of 30 days and abolish retentions by 2025.

The trade body has hailed publication of the table as a “bold first step” in reforming payment practices.

But subcontractors are more sceptical.

One said: “We all already know that none of them pay on time.

“The real question is what are they going to do about it?

“It’s like the police publishing crime statistics without any strategy for improving them.”

The Government has welcomed the move by Build UK.

Minister for Implementation Oliver Dowden said: “Government is leading by example in fair payment practices.

“All public sector organisations are required to pay undisputed invoices in 30 days and ensure this payment term is passed down the supply chain.

“Build UK is leading the industry by publishing its members’ payment performance.”

Recent research by the Electrical Contractors Association and Building Engineering Services Association revealed that nine out of ten councils are breaking prompt payment rules.

Build UK Chief Executive Suzannah Nichol MBE said: “Transparency is essential to changing the industry culture around payment.

‘This bold first step by Build UK and its members shows that the leaders within the sector are serious about changing the way they do business.”

Suppliers can now check on a major contractors payment record here

Latest news

Industry’s best construction managers revealed

Full shortlist for CIOB Construction Manager of the Year award
18 hours ago

Government to signal backing for London airports expansion

Chancellor growth plan speech to give nod to Heathrow, Gatwick and Luton plans
16 hours ago

Hospital building plan extended by a decade – full list

All planned projects retained with fresh start dates for industry certainty
24 hours ago

Kier launches £20m share buyback as debt cut

Steady first-half trading shrinks average month end debt to £38m from £137m
23 hours ago

Plans unveiled for £365m Heathrow data centre

Distribution centre developer moves into data centre market
23 hours ago

Plan for 6.5m sq ft Greater Manchester industrial zone

Russell LDP and Harworth to submit ambitious Northern Gateway plan this Spring
23 hours ago

Building boss sold diggers still on HP

Court hears how building director sold rented machines to fund sports car and gambling habit
2 days ago

Wates names new hard FM chief

Jack Prady joins from Thermic Technical FM
2 days ago

Council steps-in at sites where developer failed

First Endeavour LLP went under while building new homes across Fife
2 days ago

Mace confirmed for £93m weather centre HQ

Work to start on weather scientist hub at University of Reading
2 days ago

Council starts £200m hunt to replace Balfour Beatty

Tender race begins after Herefordshire Council parts ways with contractor
2 days ago

St William gets go-ahead for 245-home Stratford scheme

Planning approved for Stratford Gasworks regeneration
2 days ago

Balfour Beatty to sell Omnicom to Hitachi Rail

Digital rail monitoring business employs over 100 engineers
2 days ago

Van Elle partners with Wood on power transmission jobs

Ground investigation and piling deal worth over £30m
2 days ago

Former Balfour regional MD dies before taking up new role

Lindsay McGibbon struck down by cancer
5 days ago

One of Wales’ oldest contractors delivers record profit

Andrew Scott chairman says clients are now looking beyond lowest bids for jobs
5 days ago

Henry administrators chase £10m director payment

Cash frozen as legal action continues
6 days ago

Warning after scammers pose as plant hire bosses

Flannery targeted by fraudsters trying to con customers
5 days ago

Carey co-founder Tom Carey passes away

Contractor confirms death of second of three founding brothers
6 days ago

Robertson and Balfour win £333m schools deal

Contractors land work for five schools in Scotland
5 days ago

Go-ahead for £125m Ealing leisure centre and homes scheme

Council seeks contractor to deliver flagship Gurnell development
5 days ago

State of Englands local roads a ‘national embarrassment’

Spending watchdog urges Govt to tackle £15bn repair backlog
5 days ago

Worker loses three fingers at timber frame factory

Construction supplier fined after panel saw accident
5 days ago

Three in race for £20bn fusion power station

Balfour Beatty, Kier and Ferrovial head consortia in chase for 'star power' reactor
6 days ago

Office work drives 0.4% uptick in construction output

Activity in November grew four times faster than the UK economy as a whole.
6 days ago

Plans in for 34-storey Manchester student tower

Developer Vita plans 861-room tower in First Street district
6 days ago

Council quits homes joint venture to speed-up construction

Worthing Borough Council selling land to Roffey Homes
6 days ago

Kier signs £243m army barracks upgrade

Latest big defence optimisation deal signed off for Aldershot barracks
6 days ago

Winners revealed for £814m FM framework

Latest deal from Pagabo will provide roofing, mechanical and decorating work - see all 27 winners
7 days ago

Jackson signs £19m Sizewell C access roads deal

Latest contract takes work awarded to £2.5bn but concern mounts about final cost
6 days ago

Contractor services