Build UK will drive sustainable growth in construction by:
- Developing a truly collaborative supply chain that takes responsibility for the delivery and performance of projects
- Presenting business models that deliver improved performance and manage risk through the supply chain.
Benchmarking Payment Performance
In 2017, the Duty to Report on Payment Practices and Performance came into force, requiring all large companies and large LLPs to publish information on their payment practices every six months. Build UK collates the latest data on the payment performance of the largest companies in the construction sector and central Government in order to provide transparency for the industry. We believe this will help the supply chain to make more informed decisions and drive good practice.
Delivering Zero Retentions
Fair and transparent payment practices are essential for a successful construction industry, but the practice of cash retentions is problematic for all parties in the supply chain. That is why Build UK and its members support the industry ambition to move to zero retentions by no later than 2025. To achieve this, we are implementing a Roadmap to Zero Retentions with milestones to show that progress is being made.
Contract Terms Recommendation
Build UK has published this recommendation to form a common ground between clients and the supply chain on contractual practice in the construction industry. The objectives are to promote collaboration, encourage a fairer allocation of risk through the supply chain, and deliver better project outcomes.