COP26 Careers Media Projects Supply chain Contact Contact Menu Expertise Menu About Skanska c Home About Skanska Supply chain Fair payment 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. We are doing this in a variety of ways: Continuously analysing supply chain payment performance as part of our regular finance reviews Introducing electronic solutions to improve timely receipt of Goods Received Notes Transitioning to full electronic invoicing in 2021 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 48 days Invoices paid within 30 days 51% Invoices paid in 31 to 60 days 42% Invoices paid in 61 days or more 7% Invoices due but not paid within agreed terms 10% Skanska Construction UK (Registered company number: 191408) Average time taken to pay invoices 41 days Invoices paid within 30 days 42% Invoices paid in 31 to 60 days 47% Invoices paid in 61 days or more 11% Invoices due but not paid within agreed terms 10% Skanska UK Plc (Registered company number: 00784752) Average time taken to pay invoices 59 days Invoices paid within 30 days 49% Invoices paid in 31 to 60 days 41% Invoices paid in 61 days or more 10% Invoices due but not paid within agreed terms 19% Skanska Rashleigh Weatherfoil (Registered company number: 00798550) Average time taken to pay invoices 53 days Invoices paid within 30 days 34% Invoices paid in 31 to 60 days 53% Invoices paid in 61 days or more 13% Invoices due but not paid within agreed terms 13% Full reports are published on the GOV.UK website Useful information for suppliers and subcontractors Here you can find links to tools and information about UK construction industry and working with Skanska. Supply Chain Sustainability School Construction 2025 industrial strategy for construction Health and safety at Skanska Skanska Code of Conduct Fair payment Construction Supply Chain Payment Charter Payment performance action plan Read our action plan to achieve >95% of payments within 60 days. Prompt Payment Action Plan.pdf Work with us Register your interest in working with us. Register here Share Last updated: 20/10/2021 About Skanska UK Skanska, one of the UK’s leading contractors, helps to construct, upgrade and maintain the country’s buildings and infrastructure. Skanska UK in brief Projects History Purpose and values 51 Moorgate Map data ©2021 Google View larger map Shortcuts Find information on our website. Careers Code of Conduct Organisation and governance Statement on modern slavery and human trafficking (PDF) Skanska pension fund Contact us About Skanska Group Skanska is one of the world's leading project development and construction groups. Our projects Our people Our markets Information for investors Latest share price 23/11/2021 17:30 CET SKA B: SEK 217.0 -0.3%g Skanska AB is listed on the NASDAQ OMX Stockholm and traded under the SKA B symbol. View the share graph on Skanska Group website Change country Change country : United Kingdom Czech Republic Denmark Finland Hungary Norway Poland Romania Slovakia Sweden United States Skanska Group Follow us on social media © 2021 Skanska Terms of use, Processing of personal data and Cookies - Sitemap cookie preferences Skanska UK Plc, Registered Office: Maple Cross House, Denham Way, Maple Cross, Herts. WD3 9SW. Registered in England - Registration Number: 784752 Your Consent for Cookies Cookies provide us with data to analyze our traffic and allow for a more personalized experience. Please click on “Allow cookies” below to enable or adjust your preferences by clicking on “Change settings”. You can alter these at any time. Change settings Allow cookies