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.”
Full article from Construction Enquirer here:
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