Highways England pays 98% of invoices in 5 days

Aaron Morby 4 years ago
Share

Highways England has kept its pledge to pay the supply chain much faster to boost contractor cash flows during the coronavirus outbreak.

Highways England commercial director Malcolm Dare speeds up payments on unchallenged invoices
Highways England commercial director Malcolm Dare speeds up payments on unchallenged invoices

The strategic roads network body has released payment data that shows 97.5% of correct invoices were paid into supplier bank accounts within 5 days in the latter part of April.

This is up from 74% of invoices paid in the pre-pandemic period.

Highways England commercial director Malcolm Dare said the body was planning to sustain this regime, which also recorded higher total payments during the period.

He said: “During April we will have also paid a total of £490m to suppliers in order to support supply chain cash flow, this is above the normal monthly levels.”

In the circular to firms, he also called on them to ensure that they did the same so that cash flows to all tiers of the supply base.

He added that Highways England had been trying to keep work on a business as usual footing with procurement activity continuing to advance.

Over recent weeks the £4.5bn Smart Motorways Alliance was awarded to Balfour Beatty, Costain, BAM/Morgan Sindall JV. Fluor secured the production manager role and WSP UK and Jacobs Engineering were selected as designers.

The A66 £35m design contract has entered the standstill period and a prior information notice was released for the £3.6bn Operations Scheme Delivery Framework.

Last Friday three joint ventures bidding for the £1.7bn A303 between Amesbury and Berwick Down dualing, including the Stonehenge tunnel, were formally invited to participate in dialogue with Highways England over a six-month period before submitting their final tenders.

Shortlisted consortia


MJV – Bouygues Travaux Publics and J Murphy & Sons
HDJV – Hochtief Infrastructure and Dragados
MORE JV – FCC Construcción Salini Impregilo and BeMo Tunnelling UK

Latest news

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
9 hours ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
8 hours ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
12 hours ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
12 hours ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
13 hours ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
12 hours ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
23 hours ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
1 day ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
2 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
2 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
2 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
1 day ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
2 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
4 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
5 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
5 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
5 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
4 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
5 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
5 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
6 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
6 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
6 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
5 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
5 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
6 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
6 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
7 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
7 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
7 days ago

Contractor services