BUILD UK DOES NOT REPRESENT THE CONSTRUCTION INDUSTRY ON FAIR PAYMENT

July 31, 2018

Under new government transparency rules, Build UK has published details concerning the payment performance of its top 24 member companies.

The data reveals that top contractor members of Build UK take more than 30 days to pay invoices. This takes place despite Build UK members having signed up to the Construction Supply Chain Payment Charter, aimed at ensuring standard payment terms of 30 days and abolishing retentions.

Build UK Chief Executive Suzannah Nichol greeted the data in the table as a “bold first step” in showing that industry leaders are “serious about changing the way they do business”, while Implementation Minister Oliver Dowden MP said that “Build UK is leading the industry by publishing its members’ payment performance table.”

The National Federation of Builders (NFB) refutes the assertions made by Build UK. The payment performance data published by Build UK show not only their failure to follow best practice and fulfil a legal requirement to pay clients within 30 days, but utter disregard for small and medium-sized (SME) businesses and regional contractors.

After the fall of Carillion and recent reports highlighting that almost nine out of ten councils are breaking prompt payment rules, the NFB is astonished to see a Government minister praising Build UK for barely fulfilling its legal obligations.

Neil Walters, national chair of the NFB, said: “Fair practice is essential to changing the industry culture around payment, not transparency. Transparency is a legal requirement, not a bold step. Procurement regulations already require 30-day payment terms down the supply chain, but the first thing tier one contractors do is change the contract terms to suit their interests and all but force SMEs to sign the amended terms to get paid.

“Seeing Build UK portray tier one contractors like industry pioneers is the ultimate insult. Build UK members, who make up less than 1% of the construction industry, are failing the 99%.”

Shared by: National Federation of Builders (NFB)

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Five-year slump in construction activity is a wakeup call

The steepest fall in construction activity since May 2020 is a serious a wakeup call that government announcements on construction have yet to be delivered, says the Federation of Master Builders (FMB) in response to July’s S&P Global UK Construction PMI data Brian Berry, Chief Executive of the FMB commented: “The sharp downturn in construction…
Read More →
Breaking News

1 in 5 Brits Surveyed Have No Savings

Renters Saving For Deposit Falls to 6 Month Low Barclays Property Insights has revealed that renters are losing confidence about being able to buy a home, with the number of renters actively saving for a deposit falling to 17% from 31% at the start of the year. takepayments – the leading digital payment solutions provider…
Read More →
Estate Agent Talk

How Next-Gen Technologies Can Elevate Your Business Operations

In today’s increasingly connected world, the right technology can dramatically reshape the way a business operates. From communication infrastructure to cybersecurity and digital presence, next-generation tools are enabling organisations to work smarter, respond faster and maintain a competitive edge. Whether a company is looking to expand its reach or optimise internal processes, strategic tech investments…
Read More →
to let sign 2025
Letting Agent Talk

With new legislation being introduced, should you use an agent or continue with DIY lets?

To let and manage a property legally and have a successful tenancy takes a great deal of time, effort and knowledge. This is why so many landlords use the services of a qualified agent to look after their buy-to-let, particularly those that have other full or part-time employment. Here are just some of the things…
Read More →
Estate Agent Talk

The small print trap that every homebuyer should know before moving in

You’ve signed the paperwork, set a moving date, and picked out where the sofa will go, only to walk into your new home and discover the seller has taken the curtains, the light fittings, and even the oven. For many buyers, the shock of what’s been removed on moving day is a reminder of the…
Read More →
LIVING BY THE SEASIDE 2022
Breaking News

Property market summer slowdown debunked

The latest data analysis from Yopa has revealed that the commonly held belief that the property market slows down during the summer months is nothing but a myth, with the market actually seeing some of the highest levels of activity throughout the summer season over the last four years. Yopa analysed* historic market data for…
Read More →