Kier back on Prompt Payment Code

By Jordan Marshall2019-12-20T12:58:00

Contractor returns to list after cutting average payment time by 10 days

Kier has been reinstated to the Prompt Payment Code. The contractor revealed in its latest payment practice report that its average payment time in the six months to 30 June was 42 days – compared with the 52 days that it was taking in the previous six months.

It also improved the proportion of supplier invoices that it paid within 60 days, with this figure jumping from 65% to 75%.

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