Background

Build UK believes that fair and transparent payment practices are essential for a successful construction industry and it has been a key issue for the organisation since it was formed in 2015.

Government legislation introduced in April 2017 – Duty to Report on Payment Practices and Performance – requires large companies to publish information on their payment practices every six months.

Identified as a specific action within the recently published Construction Sector Deal, Build UK members collectively agreed for Build UK to benchmark them on both the average time they take to pay invoices and the percentage of their invoices paid beyond terms.

Objective

To provide transparency of payment practices to the whole construction supply chain.

Outcome

The Duty to Report, which requires all large companies to report on their payment practices every six months, has enabled Build UK to present a clear and comprehensive picture of payment within construction for the first time. Not only will this enable the supply chain to make more informed decisions, it demonstrates a real commitment to addressing this long-standing issue and will help to drive good practice.

The published information can be found here.

Timeline

Latest project updates

Build UK Publishes New Information on Payment Terms

Build UK has added information on the payment performance of its eligible Client members...

Build UK Benchmarks Members on Payment Performance

Build UK has published information on the payment performance of its Contractor members using...

Government Guidance

Government published updated guidance following Build UK representation.

Government Publishes Duty to Report Guidance

The Government has published guidance on the forthcoming Duty to Report on Payment Practices...

How to get involved

Information on all businesses that are required to report can be found on GOV.UK. Build UK’s published information can be found here.