Build UK believes that fair and transparent payment practices are essential for a successful construction industry.
Since 2015, all central Government departments are required to report their payment performance on a quarterly basis in accordance with Procurement Policy Note 05/15: Prompt Payment Policy and Reporting of 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 its members and central Government in order to provide transparency for the construction sector. We believe this will help the supply chain to make more informed decisions and drive good practice.