21 November 2019
Laing O'Rourke reinstated to Prompt Payment Code
Laing O’Rourke has been reinstated to the Prompt Payment Code live list.
John O’Connor, group commercial director at Laing O’Rourke said: “Laing O’Rourke values its supply chain partners who are integral to our ability to deliver world-class projects for our clients. The UK business set out a clear action plan to address prompt payment, which was agreed with the Chartered Institute of Credit Management. We are pleased that those actions, which have included investment in technology and a refinement in payment processes have seen improvements in supplier payments, resulting in our reinstatement to the Prompt Payment Code live list.”
Philip King, chief executive at the Chartered Institute of Credit Management said: “Laing O'Rourke has demonstrated that the actions implemented through their plan have resulted in improved payment performance, with an ongoing upward trend. We are delighted that this has led to their reinstatement on the Prompt Payment Code.”
Laing O’Rourke will continue to follow its PPC action plan, and will remain fully engaged with its suppliers and with the Chartered Institute of Credit Management.
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