Prompt payment UK
Laing O’Rourke is a signatory to the UK Government’s Prompt Payment Code and is committed to ethical trading with all of our supply chain partners. They are integral to our ability to deliver world-class projects for our clients. We are committed to the prompt payment of our suppliers, and endeavour to pay invoices within agreed terms, and within the Prompt Payment Code’s (PPC) requirement of paying 95% of invoices within 30 days for small companies, and within 60 days for all other companies.
The UK business continues to progress and focus upon its Prompt Payment Code action plan, and is pleased that the measures undertaken and the improvements made to date, have resulted in our continued improvement in supplier payments and adherence to the Prompt Payment Code. We are fully engaged in dialogue with the Chartered Institute of Credit Management regarding our payment practice performance.