Build UK contractors hold payment times during Covid-19

Aaron Morby 2 weeks ago
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Build UK contractor members have battled through the coronavirus outbreak and maintained an average of 36 days to pay invoices in the first half of the year.

Despite the coronavirus challenges main contractors are largely maintain supply chain cash flow
Despite the coronavirus challenges main contractors are largely maintain supply chain cash flow

On average, main contractors now pay 92% of their invoices within 60 days and 75% within terms.

Murphy, Vinci and Morgan Sindall rank as the industry’s top three prompt payers, paying invoices in 25-27 days.

They are joined by Mace, Osborne and Amey as the half dozen main contractors paying within 30 days.

Among the industry major commercial clients Landsec and British Land achieved 17 days averages, with Bellway and Barratt leading the house builders at 25 and 26 days.

A spokesman for Build UK said: “Throughout the coronavirus pandemic, the CLC has been clear that maintaining cash flow through the industry is critical, and the latest results indicate the largest companies in the sector have taken note and are playing their part.”

Main contractor payment performance – source Build UK
Firm % invoices not paid in agreed terms Average days to pay invoices % invoices paid in 60 days
Murphy 24 25 92
Vinci 13 26 94
Morgan Sindall 12 27 98
Mace 26 28 94
Osborne 29 29 95
Amey 51 29 95
Willmott Dixon 12 31 99
Sir Robert McAlpine 21 31 91
Laing O’Rourke 22 31 90
Wates 17 32 97
John Sisk & Son 17 32 94
Interserve 38 32 94
Morrison Utility Services 6 33 94
Lendlease 16 33 96
VolkerWessels 22 33 94
ISG 23 34 96
Robertson Construction 33 34 93
Canary Wharf Contractors 20 37 89
Kier 37 37 84
Skanska 8 38 92
Costain 32 38 90
BAM Construct 37 38 92
Bowmer and Kirkland 35 39 95
Bouygues 27 41 92
Balfour Beatty 31 41 89
Galliford Try 19 42 89
Graham Construction 31 42 83
BAM Nuttall 32 47 88
Seddon 18 51 90
Engie 1 55 81
Multiplex 47 55 75
McLaren Construction 87 60 75

In response to feedback, Build UK’s table has been expanded with more than 40 of the industry’s largest companies, including clients, house builders and contractors, to provide a more coherent picture of payment practices within construction than ever before.

For full table click here.

Specialist contractor payment performance –  Build UK
Sector Firm % invoices not paid in agreed terms Average days to pay invoices % invoices paid in 60 days
M&E SSE Contracting 48 16 100
Interiors Overbury 10 21 96
Interiors Stanmore 10 23 100
Concrete J. Reddington 6 27 84
Interiors BW Interiors 40 29 60
Interiors Portview 10 29 97
Interiors Parkeray Interiors 2 30 100
Interiors Willmott Dixon Interiors 17 30 97
Interiors ISG Fit Out 20 32 94
Concrete AJ Morrisroe and Sons 5 33 95
M&E Crown House Technologies 21 33 84
Roofing Novus Property Solutions 9 33 94
Steel William Hare 16 36 79
Concrete Expanded Structures 17 37 77
Concrete Carey Group 50 37 74
M&E SES 68 37 86
Demolition Erith 9 41 69
Concrete CJ O’Shea 6 42 89
Steel Severfield 16 42 95
Scaffolding Brand Energy & Infrastructure 68 42 80
Concrete Getjar 6 45 90
Demolition Keltbray 9 45 83
Ground Engineering Bachy Soletanche 49 45 83
Concrete Byrne Brothers 4 46 87
Demolition McGee Group 12 46 76
Ground Engineering Keller 57 46 85
Steel Billington 11 50 75
M&E NG Bailey 60 50 71
Ground Engineering Cementation Skanska 10 52 90
Ground Engineering Roger Bullivant 17 54 60
Roofing Prater 8 54 62
M&E Skanska Rashleigh Weatherfoil 11 55 88
Scaffolding Enigma Industrial Services Ltd 42 58 46
Concrete Tamdown 17 59 57
M&E Imtech 27 60 40
Demolition T. E. Scudder 65 62 59
Scaffolding Wood Industrial Services 66 69 31
M&E T Clarke 30 70 34
Ground Engineering Van Elle 48 72 25
M&E Spie 49 75 74
Demolition Brown and Mason 47 84 32
Scaffolding Cape Industrial Services 38 101 46

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