Construction News

Sun June 13 2021

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Mace signs Prompt Payment Code

1 Aug 13 Mace has decided to abandon the ranks of the fair payment refuseniks and comply with the government’s request to sign the Prompt Payment Code.

Mace finally signed up to the voluntary code on 29 July 2013, more than eight months after construction minister Michael Fallon called on all Tier 1 contractors to sign up.

There are still 11 out of 30 members of the UK Contractors Group (UKCG) that have chosen not to sign up to the code, including ISG, Galliford Try and Seddon.

The UKCG itself signed the code on 23 July, just a few days after The Construction Index highlighted the reluctance of its members to sign up.

The remaining refuseniks within UKCG that have still NOT signed are:

  • Clegg
  • Clugston
  • D+R Scaffold Group
  • Galliford Try
  • ISG
  • Keepmoat
  • Midas Group
  • Osborne
  • Seddon
  • Severfield-Rowen
  • Shepherd Construction

The Prompt Payment Code is administered by the Institute of Credit Management on behalf of the Department for Business, Innovation & Skills (BIS).

Signatories undertake to pay their suppliers on time, within the terms agreed at the outset of the contract, without attempting to change payment terms retrospectively and without changing practice on length of payment for smaller companies on unreasonable grounds.

See the full list of signatories on the Prompt Payment Code website.

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