Amey, ISG and Costain industry’s quickest payers – list

Aaron Morby 10 months ago
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Amey, ISG, Costain and Osborne rank as construction’s fastest-paying main contractors settling subcontractor and supplier invoices in less than 20 days.

Latest returns from submissions to the Government’s Duty to Report on Payment Practices and Performance indicate a slight improvement on past years.

But the controversial self-reporting data which is collated and published by trade body Build UK every six months has been challenged by subcontractors because it is based on the number of invoices paid rather than value.

This means that if many small sums are paid promptly, large payments could still be delayed without seriously impacting payment records.

The clock on payment release does not start from payment application but records payment times after being certified, and does not reflect disputes or payless notices.

Subcontractors argue this means the reporting leagues fail to reflect real payment practice in the industry.

Main contractor payment performance – source Build UK
Average
payment days
% not paid
to terms
% paid within
60 days
Amey 15 19 98
ISG 15 21 98
Costain 18 9 99
Osborne 19 34 95
Lendlease 21 0 100
Ferrovial 21 19 97
Morgan Sindall 24 4 99
Murphy 24 13 93
Morrison Utility Services 25 15 94
Canary Wharf Contractors 26 1 99
Galliford Try 26 11 99
Mace 26 12 95
Sir Robert McAlpine 27 6 94
Bouygues 27 18 95
VolkerWessels 27 25 96
Willmott Dixon 28 11 99
FM Conway 28 11 97
Henry Boot 28 15 94
Vinci 28 16 94
BAM Nuttall 28 16 94
Laing O’Rourke 28 17 91
John Sisk & Son 29 18 97
Multiplex 30 14 93
Wates 30 20 98
McLaren Construction 30 26 100
BAM Construct 30 28 96
Bowmer and Kirkland 30 28 95
Kier 32 27 91
McLaughlin and Harvey 33 22 96
Tilbury Douglas 33 28 95
Graham Construction 34 6 96
Novus Property Solutions 36 11 95
Balfour Beatty 36 15 96
TSL 37 32 89
Seddon 38 5 97
Winvic 38 11 94
Skanska 38 28 85
Robertson Construction 38 28 94
Eurovia 46 19 85
Northstone 46 68 76
EQUANS 48 3 86
Watkin Jones 48 9 85
Colas 63 61 68

The top 43 main contractors are taking on average nearly 31 days to pay, a day faster than a year ago.

Also the average % of invoices not paid within terms improved from 21% a year ago to 19%.

Jo Fautley, Deputy Chief Executive at Build UK, said: “Five years ago we began benchmarking contractor members on payment performance and the results speak for themselves – after achieving average payment terms of 30 days in January, they’ve reached another key milestone paying 95% of invoices in 60 days.”

 

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