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Kier, Balfour, Vinci take over 50 days to pay invoices

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Comments

  1. clearly the likes of Murphy & Kier are taking to heart the statistics showing the low savings rate that prevails in the country – and doing something about it.

    one must be positive about these things.

  2. The construction industry is being run by accountants who know absolutely nothing about construction. all they know is a balance sheet and how to move money. that’s why there are the problems that we have in the industry.

  3. When will main contractors realise that cash flow is key – not just theirs, but for their subcontractors as well. Subcontractors will load their quotes when tendering to poor paying main contractors, plus poor project cash flow leads to more expensive construction.

    Publishing payment performance is a great move.

  4. I thought there were strict rules in place as far as payment time scales are concerned

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