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06 Apr 20201 minute read

Highways England to speed up payment

ECAtoday
Highways England to speed up payment

Highways England has announced it will speed up payment times and project starts across the strategic roads network.

In a letter to key firms, Malcolm Dare, executive director for commercial and procurement at Highways England, said, “We are continuing to accelerate supplier payments for work completed and correctly invoiced.

“We currently pay 74% of invoices within five working days from the receipt of the invoice for all suppliers and we are looking to improve this further, especially for SMEs.

He added that they will continue to use Project Bank Accounts for construction based activities down to Tier 3 levels.

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