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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 Construction Supply Chain Payment Charter and 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've standardised payment terms with our supply chain partners. We continue to work hard to deliver on our payment commitments and we are determined to improve further.

Our payment terms

Our standard payment terms are 30 days following the month in which the invoice or application was presented. In certain circumstances, this is reduced to 30 days from receipt of invoice.

Payment performance reporting

We report our payment performance every six months, in line with legislative requirements. A summary of the latest reports for Skanska UK’s relevant legal entities is published below.

Cementation Skanska
(Registered company number: 00937574)

Average time taken to pay invoices

43 days

Invoices paid within 30 days

58%

Invoices paid in 31 to 60 days

38%

Invoices paid in 61 days or more

4%

Invoices due but not paid within agreed terms

4 %

Skanska Construction UK
(Registered company number: 191408)

Average time taken to pay invoices

41 days

Invoices paid within 30 days

44%

Invoices paid in 31 to 60 days

45%

Invoices paid in 61 days or more

11%

Invoices due but not paid within agreed terms

11 %

Skanska UK Plc
(Registered company number: 00784752)

Average time taken to pay invoices

51 days

Invoices paid within 30 days

50%

Invoices paid in 31 to 60 days

44%

Invoices paid in 61 days or more

6%

Invoices due but not paid within agreed terms

10 %

Skanska Rashleigh Weatherfoil
(Registered company number: 00798550)

Average time taken to pay invoices

45 days

Invoices paid within 30 days

50%

Invoices paid in 31 to 60 days

41%

Invoices paid in 61 days or more

9%

Invoices due but not paid within agreed terms

10 %

Full reports are published on the GOV.UK website

Last updated: 23/01/2017