The latest results published under the Reporting on Payment Practices and Performance Regulations show that Build UK tier one Contractor members have improved their payment performance again over the last six months despite the challenging market. They are now taking an average of 29 days to pay invoices, down from 30 days a year ago and 45 days when Build UK first started benchmarking payment performance in 2018, with an average of 95% of invoices paid within 60 days. In what are the final reports for the majority of members before PPN 10/23 takes effect from 1 April 2024, all tier one Contractor members pay invoices within an average of 55 days, with more than two thirds now taking 30 days or less.

With new reporting requirements due to come into force next year, Build UK is still the only trade organisation benchmarking payment performance, and our table shows the results for more than 125 of the industry’s largest companies, including contractors, clients and housebuilders, to provide a comprehensive picture of payment practices across the industry.