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Build UK has updated its payment performance table with the latest results published under the Reporting on Payment Practices and Performance Regulations. With the Government launching a consultation to tackle late payment last week, Build UK tier one Contractor members have improved their payment performance again over the last six months, now taking on average 29 days to pay invoices. All of them average 45 days or less, which will be the requirement for central Government contracts over £5 million from 1 October 2025.
For the first time, a number of Build UK members have reported data on value of invoices paid, alongside number of invoices paid, in line with new reporting requirements from 1 January 2025. This information will be included in the Build UK table in due course, and the full set of results for their tier one Contractor members will be available in May 2026 when they have all submitted their first reports with this data. New reporting requirements on retentions also came into force on 1 April 2025, and companies will be required to report information on their policy and the value of retention withheld from their supply chain. The financial year for the majority of members starts on 1 January which means their first reports containing this data will be published in July 2026.
Build UK is still the only trade organisation benchmarking payment performance, with their table showing the results for more than 130 of the industry’s largest companies to provide a consistent picture of payment practices across the sector.
