The payment charter and prompt payment code
We support the Prompt Payment Code, demonstrating our commitment to fair payment. We strongly believe that fair and transparent payment is essential to our supply chain partner relationships and the delivery of successful projects.
Better together
Our diverse supply chain provides us with innovative ways of working. It also allows us to maintain capacity in a growing construction market. We recognise that prompt payment maintains cash flow and provides confidence, helping to secure investment and jobs.
We continue to work hard to deliver on our payment commitments and we are determined to improve further.
Our payment terms
Our most frequently used payment terms are 30 days from receipt of invoice. In some cases, the payment period is 30 days from the end of the month in which the invoice/application was presented.
Payment performance reporting
We report our payment performance every six months, in line with legislative requirements.
The latest set of construction sector data, published under the Duty to Report on Payment Practices and Performance, shows that Skanska UK’s supplier payment performance has improved (for the period January 2023 – June 2023).
In 2022, Skanska UK implemented a major business transformation programme to introduce a new ERP system. As with all new ERP implementations of this scale we had some short-term challenges adjusting to new ways of working, but these are now starting to work well. This has resulted in an improvement across all measures.
A summary of the latest reports for Skanska UK’s relevant legal entities is published below, covering the period 1 January 2023 to 30 June 2023.
Cementation Skanska
(Registered company number: 00937574)
|
Average number of days to pay invoices/applications |
35 days |
|
Invoices paid within 30 days |
54% |
|
Invoices paid in 31 to 60 days |
39% |
|
Invoices paid in 61 days or more |
7% |
|
Invoices not paid within agreed terms (60 days) |
21% |
Skanska Construction UK
(Registered company number: 191408)
|
Average number of days to pay invoices/applications |
38 days |
|
Invoices paid within 30 days |
55% |
|
Invoices paid in 31 to 60 days |
30% |
|
Invoices paid in 61 days or more |
15% |
|
Invoices not paid within agreed terms (60 days) |
28% |
Skanska UK Plc
(Registered company number: 00784752)
|
Average number of days to pay invoices/applications |
30 days |
|
Invoices paid within 30 days |
78% |
|
Invoices paid in 31 to 60 days |
13% |
|
Invoices paid in 61 days or more |
9% |
|
Invoices not paid within agreed terms (60 days) |
18% |
Skanska Rashleigh Weatherfoil
(Registered company number: 00798550)
|
Average number of days to pay invoices/applications |
40 days |
|
Invoices paid within 30 days |
55% |
|
Invoices paid in 31 to 60 days |
30% |
|
Invoices paid in 61 days or more |
15% |
|
Invoices not paid within agreed terms (60 days) |
30% |
Full reports are published on the GOV.UK website