CEMENTATION SKANSKA LIMITED
Company number: 00937574
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
21 July 2026
Approved by:
Andrew Noel Entwistle
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: 32 days
Total value paid:
- within 30 days: £24,920,785 (78%)
- in 31 to 60 days: £5,528,505 (17%)
- in 61 days or more: £1,657,677 (5%)
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 33%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £10,444,790
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Skanska has a standard payment term of 30 days nett following the date the invoice/application was created in the system.
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
30 days
No further comment provided
Any other information about payment terms
Payment performance for companies with less than 50 employees:
0-30 days: 88%
31-60 days: 11%
61+ days: 1%
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
We do not have a standard retention clause in our sub-contracts; our most frequent clause used is 3%. In general, we would only include this clause when our customer is themselves using a retention clause in our main contract.
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:
We do not have a standard retention clause in our sub-contracts; our most frequent clause used is 3%. In general, we would only include this clause when our customer is themselves using a retention clause in our main contract.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
In general, half of the retention balance will be released on the completion of works and the remaining half twelve months later.
Is the money released in stages?
Yes:
In general, half of the retention balance will be released on the completion of works and the remaining half twelve months later.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
Skanska actively seeks to resolve disputes, typically involving members of the accounts payable and the procurement and commercial teams and where necessary members of the relevant management team. Where discussions are unable to reach a resolution, a number of potential dispute resolution methods (for example, mediation, adjudication) are available and may be implemented by either side where deemed appropriate.
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.
Yes, this business has signed up to: Fair Payment Code
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.
Yes
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