But only a handful of firms have got their average payment days down to or below the 30 day marker.

Vinci and Mace are the fastest payers with an average settlement time of 26 days, then come Osborne and Willmott Dixon on 30 days.

At the other end of the table are Engie on 55 days, Muliplex on 49, Seddon on 48 and Galliford Try on 43.

To see the full interactive tables click here.

Build UK Deputy Chief Executive Jo Fautley said: “We have seen consistent improvement from our members since Build UK began benchmarking their payment performance in 2018.

“Contractor members in particular have taken the opportunity to change the industry’s approach to late payment, recognising the importance of transparency to drive good practice.

“There is still work to be done but these latest results show that we are definitely heading in the right direction.”