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Who are the best and worst construction payers?

A construction skyline
(Image: Jose Alberto Barco Figari via Dreamstime.com)

The latest construction payment performance data from Build UK show payment performance is steadily improving among major contractors.

According to their latest biannual report, 61% (27 out of 44) of tier one contractors now pay their invoices within 30 days, compared to one-third in 2021, and none at all in 2018.

On average, tier one contractors take 31 days to pay their invoices.

Colas is the slowest-paying contractor, taking an average of 63 days to settle up with suppliers. It is followed by Equans and Watkin Jones, with both taking an average of 48 days to settle payments.

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