Clients fastest payers among Build UK members

Build UK has revealed that none of its major contractor or large specialist member firms pay their bills within 30 days.

The trade body is a signatory to the Construction Supply Chain Payment Charter which set a 30 day payment target.

But latest Build UK payment data shows only four client members of the organisation have hit the target.

British Land, Landsec, Heathrow and Berkeley Homes have average invoice payment times of between 14 and 24 days.

Great Portland Estates took an average of 46 days.

The fastest paying specialist contractor was Carey Group at 36 days with the slowest Brown & Mason at 103.

Build UK revealed the payment practices of its major contractor members earlier this year.

Build UK said publishing the data will “help the construction supply chain to make more informed decisions and drive good practice.”

Member Type	Company Name		Average Time Taken to Pay Invoices (Days)
Client	British Land		14
Client	Landsec		19
Client	Heathrow		21
Client	Berkeley Homes		24
Contractor	Clugston		32
Professional Service	Arup		32
Contractor	Willmott Dixon		33
Specialist – Ground Engineering	Keller		33
Contractor	Canary Wharf Contractors		34
Contractor	VolkerWessels		35
Specialist – Concrete	Carey Group		36
Specialist – Concrete	AJ Morrisroe and Sons		38
Contractor	AECOM		38
Specialist – Demolition	Erith		39
Contractor	Bouygues		40
Contractor	Skanska		41
Contractor	ISG		42
Specialist – Ground Engineering	Cementation Skanska		43
Contractor	Multiplex		43
Contractor	Seddon		44
Contractor	Morgan Sindall		44
Contractor	Wates		44
Professional Service	RLB		44
Specialist – Concrete	Getjar		45
Contractor	Mace		45
Contractor	BAM Construct		45
Specialist – Steel	Severfield		46
Client	Great Portland Estates		46
Specialist – Demolition	Keltbray		47
Specialist – Demolition	McGee Group		47
Contractor	Galliford Try		47
Contractor	Osborne		47
Specialist – Steel	Billington		49
Contractor	Sir Robert McAlpine		49
Contractor	Interserve		50
Specialist – Steel	William Hare		51
Contractor	Vinci		52
Contractor	John Sisk & Son		52
Contractor	Kier		54
Contractor	Balfour Beatty		54
Specialist – Concrete	Byrne Brothers		55
Contractor	Engie		61
Specialist – Concrete	Expanded Structures		61
Specialist – Concrete	Tamdown		62
Contractor	Murphy Group		66
Specialist – Demolition	Brown and Mason		103

from Construction Enquirer http://www.constructionenquirer.com/2018/11/07/clients-are-fastest-payers-among-build-uk-members/

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