No Build UK main contractor members pay bills within 30 days

Grant Prior 3 years ago
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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

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