Build UK has published the latest payment results for its members, which continues to drive greater transparency and present a coherent picture of payment practices within construction.
Contractor members recorded particularly positive results, significantly reducing the time taken to pay invoices to an average of 36 days, down from 45 days just 18 months ago. On average, they are now paying 91% of their invoices within 60 days, increasing from 80%.
The full Build UK Trade Association Update for February can be found in the Member’s Area of the SPRA website and includes: Implementing the Contract Terms Recommendation, New Building Safety Measures, changes to IR3 legislation, Any Questions? Success, New Members listing, Get Set for Open Doors, Helpline Support and Brexit Transition.
Source: Build UK