The payment charter
The payment charter is an important statement of our commitment to fair and prompt payment. We strongly believe that fair and transparent payment is essential to helping us successfully win and deliver our projects with our clients, customers and supply chain partners.
Prompt payment code
Under the charter, we are committing to standard contractual payment terms. By 2018, we will ensure that payments are made to our supply chain not more than 30 calendar days from the end of the calendar month in which the works were carried out, or the products were supplied. The vast majority of contracts with our suppliers already reflect 30-day payment.
Our diverse supply chain provides us with innovative ways of working. It also allows us to maintain capacity in a growing construction market.
Achieving the combined benefits of the charter requires everyone to work together, including clients, main contractors and members of the supply chain.
We have adjusted our business model to reflect our commitment. We've also standardised payment terms with our supply chain partners, to pass on to those delivering our projects on site.
We will be reporting our payment performance in line with future legislative requirements.