Construction’s quickest payers revealed – latest rankings

Aaron Morby 3 weeks ago
Share

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.

Latest news

Mount Anvil wins £275m Westminster estate renewal

First phase of Church Street area regeneration will deliver 400 new homes and a library
52 mins ago

Stewart Milne went down owing supply chain £153m

So far 1,375 firms have come forward with unpaid bills
7 hours ago

Skanska and Morgan Sindall win £277m duo of Cambridge jobs

Railpen awards £200m Botanic Place and £77m Devonshire Gardens office jobs
11 hours ago

Morgan Sindall delivers another record year of profit

Revenue tops £4bn as pre-tax profit soars 70% to £144m
14 hours ago

HS2 viaduct blunder over wonky concrete segments

Align JV now drilling out concrete joint as part of week-long remedial work
1 day ago

City of London hots up as 9m sq ft under construction

Investors return to City as "10 Cheesgraters" of floorspace under construction
24 hours ago

Four arrested in £140m property fraud probe

Serious Fraud Office investigating collapse of property developer Signature Group
1 day ago

McLaren gets green light for 31-storey student tower

Revamp of historic Birmingham site will provide 759 student beds and 189 apartments
14 hours ago

BT Tower to become hotel

New owner MCR Hotels to transform iconic building
14 hours ago

Plans in for first phase of £1.7bn ID Manchester

Plan to reinvent 1960s Renold Building as a new innovation hub
15 hours ago

London £3bn housing framework out to tender

SMEs allocated slots on London Construction Programme housing framework refresh
2 days ago

BAM wins first major RAAC school rebuild

Contractor seals £46m deal for St Leonards school in Durham
2 days ago

Failed strip out specialist owes £1.5m to supply chain

More than 100 subcontractors and suppliers left with unpaid bills by Type Ten Limited
2 days ago

Councils to turn screw on building owners over fire safety upgrades

Government tells councils to step up legal action against rogue building owners
2 days ago

Green light for £300m Fenland energy from waste scheme

Wisbech incinerator will generate 50MW from half a million tonnes of waste
2 days ago

Multiplex starts on 50-storey Thames tower

Developer green lights construction of latest phase of £3bn Bankside Yards scheme
2 days ago

McLaren lodges fresh Reading Broad Street Mall plan

Town centre scheme will deliver 600 homes in four towers
3 days ago

Beard bags £24.5m Bristol office revamp

Construction to start in April
2 days ago

SMEs star in £3.2bn social housing upkeep deal

Around 85% of Efficiency North's framework winners are local firms
3 days ago

Scottish NHS new building projects delayed for two years

Spending clampdown hits over a dozen planned projects
3 days ago

Balfour M25 workers hold strike ballot

Motorway maintenance crews unhappy with 3.4% pay rise offer
3 days ago

Rainsford Contracts acquires M&E specialist

Expanded contractor will have turnover of £45m
3 days ago

Statom expands with launch of Northern HQ

RC frames specialist now targeting jobs in Scotland and north of England
3 days ago

High Court dismisses Stonehenge tunnel challenge

Judge quashes legal challenge against Government consent for £1.7bn job
3 days ago

£1.5bn Teesside carbon capture scheme consented

Final investment decision expected this year for construction start
3 days ago

First viaduct steel section installed at HS2’s complex junction job

Victor Buyck Steel Construction install first 300t viaduct section
3 days ago

Sister scaffold firms file administration notices

BCM Scaffolding Services and Scaffteq West employ 100 people between them
4 days ago

McLaughlin & Harvey suffers £8.6m loss

Cost inflation and Scottish landfill tax legislation hit Antrim-based group
4 days ago

Regulator opens probe into National Highways delivery

ORR concerned about 'dip in performance' on capital projects
4 days ago

Sir Robert McAlpine chief Paul Hamer exits

Hamer replaced as CEO by former Lendlease Europe boss Neil Martin
6 days ago

Contractor services