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.

You May Also Enjoy

Estate Agent Talk

How Property Part Exchange Works: A Step-by-Step Guide

When it comes to selling your home and buying a new one, the process can often be complex, stressful, and time-consuming. However, property part exchange offers a convenient solution for homeowners looking to move without the hassle of a traditional sale. In this guide, we’ll walk you through how property part exchange works and why…
Read More →
Letting Agent Talk

Understanding the Decent Homes Standard: What Landlords Need to Know

As a landlord, ensuring your rental property meets the Decent Homes Standard is essential for maintaining compliance, keeping tenants satisfied, and protecting your investment. With evolving regulations and increasing tenant expectations, landlords in Banbury must stay informed about their responsibilities. Whether you’re new to the rental market or a seasoned investor, understanding these standards can…
Read More →
How to add value to your home
Home and Living

The Ultimate Checklist for Preparing Your Home for Viewings

Selling a home is an exciting journey, but to attract potential buyers and secure the best offers, it’s essential to present your property in its best light. Whether you’re selling through Belvoir or looking to attract renters, a well-prepared home can make all the difference. Follow this ultimate checklist to ensure your home is ready…
Read More →
small house bird box
Estate Agent Talk

Families can move up the property ladder by paying 1% more in this city

Families in Suffolk can take a significant step up the property ladder with minimal financial stretch, as the team at Suffolk Pocket Door Company reveal that upgrading from a terraced house to a semi-detached home in West Suffolk costs just 1% more on average. Here Carl Benson, owner of Suffolk Pocket Door Company comments. Why…
Read More →
Breaking News

Breaking Property News 20/02/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Roome celebrates four years of helping students and growing universities’ revenue James Buck, co-founder of Roome sums up the 48-month journey so far, ‘Four years ago, we launched an app Owen Redman and I wished we had at university – a tool to make shared living not…
Read More →
Overseas Property

How to Find an Experienced Wedding Photographer in Greece

Choosing the Right Photographer Your wedding day is one of the most important moments of your life, and capturing it perfectly requires an experienced photographer. Greece offers stunning locations, from whitewashed villages to breathtaking sunsets. But how do you find the right professional to document your big day? Research and Recommendations Start by researching online.…
Read More →