CLARK CONTRACTS LIMITED
Company number: SC088490
Reporting period:
1 November 2025 to 30 April 2026
Report filed on:
29 May 2026
Approved by:
Mark McPeake
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 42 days
Total value paid:
- within 30 days: £12,262,651 (20%)
- in 31 to 60 days: £47,644,333 (76%)
- in 61 days or more: £2,599,888 (4%)
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 73%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £13,057,315
- payments due in the reporting period which have not been paid within the agreed period: 13%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
Answer not provided
Standard payment terms
Our Standard Payment Terms are between 28 and 56 days.
Consultants standard terms are payment within 28 days.
Suppliers standard terms are payment net monthly, which is payment at the end of the month following the month of invoice.
Subcontractor standard payment terms are payment within 56 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
56 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
All construction contracts include retention clauses, and retention clauses are included in standard payment terms.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
Retention clauses are used with subcontractors where our main contract with the client contains a retention clause.
The clause with our subcontractors will never exceed the %value of the main client contract.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The subcontractor will apply for part release of retention on completion of their works and final release following the agreed defects period. On agreement that the work has been completed the retention is released.
Is the money released in stages?
Yes:
50% of the retention will be released on practical completion of the project. The final 50% of retention is released following the agreed defects period.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
66%
Amount retained stated as a percentage of the total construction payments made by this business
4%
Dispute resolution process
We engage with the subcontractor, consultant or supplier at the earliest opportunity to resolve disputes.
We believe that having a close relationship enables us to deal with the dispute quickly without going through a formal dispute process.
Supplier disputes are dealt with initially by the finance department with assistance from the procurement department where needed.
If the dispute cannot be resolved then it will be escalated to the Financial Accountant, Senior Buyer and ultimately the Finance Director.
Subcontractor and consultant disputes are initially dealt with by the surveyor for the project.
If the dispute cannot be resolved at this stage then it will be escalated to the Senior Surveyor of the project and ultimately to the project Director.
Where disputes cannot be resolved informally, other methods including mediation, adjudication, litigation and arbitration may be used.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No