Build UK contractors hold payment times during Covid-19

Aaron Morby 6 years ago

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

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