c

Fair payment

Skanska is committed to applying fair and transparent payment terms for our supply chain.

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.

Construction sector data published under the Duty to Report on Payment Practices and Performance shows that Skanska UK’s supplier payment performance improved period on period throughout 2024.  

A summary of the latest reports for Skanska UK’s relevant legal entities is published below, covering the period 1st January – 30th June 2024,

Cementation Skanska
(Registered company number: 00937574)

Average number of days to pay invoices/applications

33 days

Invoices paid within 30 days

60%

Invoices paid in 31 to 60 days

35%

Invoices paid in 61 days or more

5%

Invoices not paid within agreed terms

12%

Skanska Construction UK
(Registered company number: 191408)

Average number of days to pay invoices/applications

30 days

Invoices paid within 30 days

67%

Invoices paid in 31 to 60 days

29%

Invoices paid in 61 days or more

4%

Invoices not paid within agreed terms

9%

Skanska UK Plc
(Registered company number: 00784752)

Average number of days to pay invoices/applications

30 days

Invoices paid within 30 days

73%

Invoices paid in 31 to 60 days

21%

Invoices paid in 61 days or more

6%

Invoices not paid within agreed terms

10%

Skanska Rashleigh Weatherfoil
(Registered company number: 00798550)

Average number of days to pay invoices/applications

32 days

Invoices paid within 30 days

68%

Invoices paid in 31 to 60 days

27%

Invoices paid in 61 days or more

5%

Invoices not paid within agreed terms

10%

Full reports are published on the GOV.UK website

Last updated: 22/07/2024