Construction’s quickest payers revealed – latest rankings
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.