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

Record number of contacts for The Property Ombudsman

• 73,035 consumers contacted The Property Ombudsman in 2024 • 19,495 property businesses registered • £1.49 million awarded to consumers • 7,823 enquiries were related to tenant issues • 4,980 cases resolved by early resolution and formal investigation • 71% of cases resolved by formal investigation were found in favour of the consumer • 2,107…
Read More →
Home and Living

Exercise Equipment Movers Services Los Angeles: 8 Excellent Ways for Easy Home Gym Relocation

The city of Los Angeles is a very vibrant city and one that presents challenges that are quite different from most other cities of the country. Los Angeles is known for having a diverse and vibrant culture which can be experienced both in small neighborhoods as well as in the city’s core. Los Angeles, a…
Read More →
Estate Agent Talk

How to Choose an Air Conditioning Installation Engineer

With rising temperatures becoming more common in the UK, many homeowners are considering installing air conditioning systems to maintain comfortable indoor environments. However, selecting the right professional to handle your air conditioning installation is crucial for ensuring safety, efficiency, and compliance with regulations. This comprehensive guide will help you navigate the process of choosing a…
Read More →
Breaking News

Over Half of UK Property Investors Plan to Expand Portfolios in 2025

  Portfolio Growth: 54% of investors intend to increase the size of their portfolios, with 73% aiming to diversify geographically and 75% sectorally, reflecting a strategic approach to growth. London Leads Again: Cited by 46% of respondents, London has regained its crown as the most attractive region, followed by the East of England at 42%.…
Read More →
Home and Living

Why Walk-In Baths Can Enhance the Value of Your Home and Property

Walk-in baths are becoming an increasingly popular feature in modern homes, and for good reason. With an ageing population, a greater emphasis on accessible design, and a desire for luxury upgrades, walk-in baths offer both practical and aesthetic advantages. Beyond their health and convenience benefits, they can also significantly enhance your property’s value. Increased Accessibility…
Read More →
Rightmove logo
Breaking News

Prices reach new record despite more subdued late Spring market

New seller asking prices rise by 0.6% (+£2,335) this month to a new record of £379,517. However, this month’s seasonal price increase is the lowest at this time of year since 2016, as the decade-high number of homes for sale limits price growth The traditionally strong late Spring market is more subdued following a busy…
Read More →