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Keep up to dateBy Jordan Marshall and Dave Rogers2018-07-31T06:00:00
Balfour Beatty and Kier top list of poor payers, while Barratt is the quickest to settle up among the top 10 housebuilders and contractors
The country’s biggest contractor Balfour Beatty and Kier are the industry’s poorest payers among top 10 firms ranked by turnover, according to the first set of comprehensive data on how quickly firms pay their bills released by the government today.
For many firms in contracting and housebuilding, it is the first time time they have been compelled by law to spell out their payment practices in black and white.
The issue of how long main contractors take to pay their subcontractors has been a long-running sore for many in the industry with Carillion’s collapse in January putting the topic firmly back in the spotlight.
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