The top 100 construction firms take an average of 43 days to pay their suppliers, while the average proportion of invoices not paid to terms is 28 per cent, a Construction News analysis has found. source...

Kier, Wates, Vinci and Engie are among the names to be included on a construction works and improvements framework, worth up to £800m.  source https://www.constructionnews.co.uk/projects/forty-five-contractors-named-on-800m-framework/10041308.article

The administration of Lakehouse Contracts has left a subcontractor “holding out” for a payment of £65,000. source https://www.constructionnews.co.uk/companies/administrations/lakehouse-contracts-administration-subbie-tells-of-obscene-situation/10041220.article

Construction News has partnered with software firm Coins to help judge its 2019 Grand Challenge, which will see one business owner walking away with a £115,000 investment. source...

Costain has been appointed by Highways England to carry out the £125m upgrade of the A19 road in North-east England. source https://www.constructionnews.co.uk/companies/contractors/costain/costain-lands-125m-north-east-road-upgrade/10041296.article

The Competition and Markets Authority (CMA) has announced an investigation into suspected anti-competitive arrangements in the supply of UK construction services. source...