Payment times improved during pandemic
Some of the biggest construction and engineering services contractors have succeeded in reducing the length of time it takes to pay subcontractors in their supply chains, according to industry body Build UK (of which ECA is a key member).
On average the 32 leading contractors paid subcontractors within 35 days, 10 days quicker than when Build UK first started collating payment data in July 2018.
On average, main contractors now pay 93% of their invoices within 60 days and 79% within terms.
For more information and to view the main contractors performance table, click here.