Main contractor payment times improve during Covid-19

Aaron Morby 2 years ago

The country’s main contractors improved payment times in the last six months dispelling fears the industry would be hit by Covid-related payment delays.

On average the 32 leading contractors paid subcontractors within 35 days, 10 days quicker than when the trade body Build UK first started collating payment data in July 2018.

Vinci,  Morgan Sindall, Sir Robert McAlpine and Sisk now rank as the promptest payers managing to pay faster than the Government target of 30 days.

They are closely followed by Willmott Dixon, Kier, Mace and Interserve who all managed to hit 30-day terms.

Main contractor payment performance – source Build UK
Main contractor Average days to
pay invoices
% Invoices paid
within 60 days
% of Invoices not
paid within terms
Vinci 24 95 14
Morgan Sindall 27 98 9
Sir Robert McAlpine 28 94 15
John Sisk & Son 29 94 24
Willmott Dixon 30 98 11
Kier 30 90 21
Mace 30 92 28
Interserve 30 95 39
ISG 31 99 13
VolkerWessels 31 95 22
Osborne 31 93 26
Amey 31 93 38
Lendlease 32 96 12
Wates 32 97 16
Laing O’Rourke 32 90 20
Costain 32 91 26
Robertson Construction 34 92 42
Canary Wharf Contractors 35 89 15
BAM Construct 36 94 26
Murphy 36 88 33
Winvic Construction 37 97 15
Bowmer and Kirkland 37 95 27
Skanska 39 91 9
Balfour Beatty 40 91 31
Galliford Try 41 92 13
Graham Construction 41 82 25
Bouygues 42 90 27
McLaren Construction 42 89 62
BAM Nuttall 47 90 24
Multiplex 49 80 33
Seddon 51 90 18

On average, main contractors now pay 93% of their invoices within 60 days and 79% within terms.

Among the industry’s major commercial clients Landsec and British Land achieved 19-day and 24-day averages, with Redrow and Barratt leading the house builders at 24 days.

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