Construction’s quickest payers revealed – latest rankings

Aaron Morby 5 months ago
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Amey, Morrison Utility Services, ISG, and Costain 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.

The controversial self-reporting data, which is collated and published by trade body Build UK every six months, has been challenged by subcontractors who complain it is open to gaming 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.

One told the Enquirer: “We know one main contractor is pushing through payments under £15,000 but is paying more slowly on larger sums.”

Main contractor payment performance – source Build UK
Average payment days % not paid
to terms
% paid
within 60 days
Amey 10 13 99
Morrison Utility Services 16 13 95
ISG 17 21 98
Costain 18 9 99
Lendlease 21 0 100
Canary Wharf Contractors 23 1 99
Ferrovial 23 22 96
Murphy 23 12 94
Bouygues 24 19 97
Galliford Try 25 15 97
Morgan Sindall 25 3 98
Mace 26 12 95
Novus Property Solutions 27 18 95
VolkerWessels 27 23 97
Sir Robert McAlpine 27 5 96
Willmott Dixon 28 12 99
Colas 28 28 94
BAM Nuttall 28 12 96
Laing O’Rourke 28 16 94
FM Conway 28 11 97
Wates 29 18 98
John Sisk & Son 29 15 98
Multiplex 30 16 93
Vinci 30 18 93
McLaren Construction 30 28 95
Osborne 30 40 93
Bowmer and Kirkland 30 28 95
Henry Boot 31 15 96
Wilson James 31 15 96
Kier 32 24 91
BAM Construct 32 23 95
Tilbury Douglas 32 23 96
McAleer & Rushe 33 4 95
Balfour Beatty 34 13 97
McLaughlin and Harvey 34 24 95
Skanska 34 13 92
Robertson Construction 34 34 97
Seddon 36 3 98
Graham Construction 37 6 95
Eurovia 42 16 86
EQUANS 48 1 77
Watkin Jones 49 9 86
Northstone 51 53 78

The top 43 main contractors are taking on average nearly 30 days to pay, a day faster than a year ago.

Also the average percentage of invoices not paid within terms improved from 19% to 16.5% compared to six months ago.

Specialist contractors
Average payment days % not paid to terms % paid within
60 days
Concrete
J. Reddington 23 6 89
Expanded Structures 25 12 90
FP McCann 27 10 98
Carey Group 29 21 87
Getjar 37 8 90
Morrisroe 38 7 91
CJ O’Shea 43 3 93
Byrne Brothers 49 1 89
Tamdown 61 28 64
Piling
Cementation Skanska 32 10 98
Bachy Soletanche 35 23 93
Keller 36 22 95
Roger Bullivant 47 4 86
Van Elle 60 11 56
M&E
Crown House Technologies 26 17 82
SES 33 36 95
Skanska Rashleigh Weatherfoil 36 17 90
NG Bailey 37 9 98
Dalkia Engineering 41 38 74
Dodd Group 49 8 46
TClarke 52 10 52
Dalkia Operations 52 24 63
Gratte Brothers 55 7 60
Briggs & Forrester 60 24 47
Fit-out
Stanmore 12 0 99
Overbury 20 4 98
ISG Fit Out 24 53 96
Portview 26 6 96
Willmott Dixon Interiors 30 12 98
BW Interiors 37 12 97

 

The Government is giving future contractor payment reporting laws extra teeth after coming under fire for not going far enough on corporate payment transparency.

Under the new rules due to come into force in 2025, there will also be a new value metric, so businesses can see the value of invoices, including invoices paid late, and a disputed invoices metric.

Contractors will also have to report retention records in their six monthly returns.

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